Listing Notes
Legal three-family with tenants paying all utilities except water, insurance & common electric. The top two units are three-bedroom, two-bath units. The ground-floor level unit is a two bedroom two bath. Property includes a gated driveway for convenient parking. Current tenants are cash-paying on time month-to-month tenants. Current rent roll is $7,000 monthly. Upside potential up to $116,016 calculated using present Sec 8 amounts paid with no utilities paid by the landlord; 3BR = $3,454; 2BR = $2,760. Kitchens and bathrooms are in good condition. The top two floors have pleasant forward-facing balconies as well. Three separate gas boilers and meters. 4 electric meters, one for each tenant and one for the common area. Total city-recorded building sq. footage is 3,444. Less hallways and stairs total apartment sq. footage is approximately 3,050 broken down as follows; 3BR's = 1.050sq. ft. and 2BR = 950sq. ft.. These are large sq. footage units with big bedrooms that accommodate king-size beds and additional furniture. R5 zoning. Landlord expenses include Insurance $3,000, common electric $600 annually, Water $600 per Q or $2,400 annually = $6,000. No basement - Utility room is rooftop.
Price in context
Cheaper than 21% of the 24 homes listed nearby right now, which run $730,000 to $1,499,999.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 3800 Bronxwood Ave | $730,000 | 5 bd · 2 ba |
| 763 E 219th St | $750,000 | Studio |
| 877 E 223rd St | $780,000 | 3 bd · 2 ba |
| 865 E 215th St | $799,000 | 6 bd · 3 ba |
| 3719 Barnes Ave | $829,000 | 5 bd · 4 ba |
| 3719 Barnes Ave | $829,000 | 5 bd · 3.5 ba |
| 717 E 215th St | $875,000 | 6 bd · 5 ba |
| 717 E 215th St | $875,000 | Studio |
| 868 E 216th St | $889,999 | 4 bd · 3 ba |
| 763 E 217th St | $899,000 | Studio |
| 3628 Bronxwood Ave | $899,999 | 7 bd · 3 ba |
| 868 E 216th St | $925,000 | 4 bd · 2 ba |
| 825 E 224th St Unit 2 | $949,000 | 5 bd · 4 ba |
| 739 E 224th St | $950,000 | 6 bd · 2 ba |
| 3628 Bronxwood Ave | $950,000 | 6 bd · 2 ba |
| 736 E 221st St | $975,000 | 5 bd · 4 ba |
| 736 E 221st St | $975,000 | 5 bd · 4 ba |
| 859 E 220th St | $1,150,000 | 6 bd · 4 ba |
| 756 E 223rd St | $1,150,000 | 6 bd · 2 ba |
| 3935 Barnes Ave | $1,248,000 | 9 bd · 4 ba |
| 746 E 215th St | $1,250,000 | Studio |
| 746 E 215th St | $1,250,000 | Studio |
| 846 E 215th St | $1,350,000 | 4 bd · 3 ba |
| 842 E 225th St | $1,499,999 | Studio |
Where it is
For sale Coming soon Recently sold— zoom out for more