6 unit building with 5 residential and 1 commercial units with great upside from increasing current low rents.
Total Annual Residential Revenue: $68,350.92
(No one has any leases and everyone is paying under market value.)
2015 Projected Annual Rent Roll: $100,000
CAP Rate after rent increase will exceed 9%
Expenses:
Super: $1,800
Tax:$ 13,287
Water: $5,854
Oil: $8k
Electric: $1,000
Insurance: $3,000
Detailed Rent Roll:
Apt #1 Lease Term: N/A Bedrooms:1 Current Rent Fee: $900.00
Apt #2 Lease Term:N/A Bedrooms:2 Current Rent Fee: $950.00
Apt #3 Lease Term:N/A Bedrooms:1 Current Rent Fee: $765.91
Apt #4 Lease Term:N/A Bedrooms:2 Current Rent Fee: $1,180.00
Apt #5 Lease Term:N/A Bedrooms:1 Current Rent Fee: $800.00
Comm Lease Term:N/A Current Rent Fee: $1,100
Building Info:
Built Area - 5,040 ft2 (Average ~720 ft2 per unit)
Lot Area - 2,000 ft2 (20.0 100.0)
FAR - 2.52
Zoning District - R5
Sold for $600,000 on 09/09/22
$600,000
1723 E 172nd St, Bronx, NY 10472
8beds
1baths
5,040sqft
MultiFamily
Built in 1928
-- sqft lot
$1,117,800 Zestimate®
$119/sqft
$3,085 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 1
Heating
- Forced air
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Hardwood
- Has fireplace: Yes
Interior area
- Total interior livable area: 5,040 sqft
Property
Parking
- Parking features: On-street
Lot
- Size: 2,000 sqft
Details
- Parcel number: 038730008
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1928
Community & neighborhood
Location
- Region: Bronx