Beautiful Bronx Elevator Multifamily Building with 49 Residential Units
Gross Income: $636,658
Estimated Expenses: $255,167
NOI: $381,491
Projected Gross Income: $861,124
(Income Projection Using DHCR Registered Legal Rents + Super’s Apartment and 2 Projected Duplexed Units)
Estimated Expenses: $281,001
NOI: $580,123
100% Occupancy
Rent Stabilized
Description: This Property consists of a 6 story Brick Elevator Apartment Building with a Total of 49 Units. There is possibly a 50th unit in the cellar not listed on the Certificate of Occupancy. This can be converted to be used as a super's apartment or duplexed down from 1st floor apartment. The current super's apartment has never been registered.
Total Existing Building Square footage is 41,514 Square Foot. Property was Built in 1932 and is Located in the Olinville Section of the Bronx.
Layout: 1 Studio, 41 One Bedroom, 7 Two Bedrooms.
Total: 49 Apartments Containing 153 Rooms.
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