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$1,390,000 / 8br - 3512ft2 - Bronx High CAP for Sale (Parkchester)
1700 Zerega ave, Bronx, NY 10462
1700 Zerega ave near Maclay
8BR / 5Ba
3512ft2
license info:
10401380494
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This is a solid investment opportunity featuring a commercial storefront and two large four bedroom, two bathroom apartments. The Ground floor retail tenant pays $3,167 per month and also covers one third of the annual taxes, and also covers all water for the building, and snow removal. Both apartments are updated, have separate utilities, individual HVAC systems, and strong rent rolls. The current 2nd floor rent is $3,740 plus $400 for a private balcony. The 3rd floor is rent is $3,740, with a lease through December 31, 2025. There are two private garage parking spots renting at $400 each, and the basement can be leased for storage at $500 per month. All rents include a scheduled three percent annual increase, providing built in growth for any buyer. The building sits on a 19.5 x 69.75 lot and offers approximately 3,827 square feet. Seller financing is available, making this an accessible opportunity for both new and experienced investors. Annual Net Income is $135,346