1039 and 1041 Elder Ave Bronx
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1039 and 1041 Elder Ave Bronx
2 Multifamily Properties Offered at $3,760,900 CAD in Bronx, NY
INVESTMENT HIGHLIGHTS
- FREE MARKET
- R6 ZONING
- FULLY BRICK
- 5 FAMILY IS 3 FLOORS
EXECUTIVE SUMMARY
This portfolio of a 4 and 5 family brick property side by side gross a free market income of over $370,000! with a net income over $300,000
the properties are occupied by program tenants with 100% collections
CURRENT CAP : 11.80%
projected income is 13% CAP
AVG RENT: $3,438
$288,888 PER UNIT
$338 PER FOOT (7,795 SQUARE FEET)
$96,000 PER BEDROOM
CALL FOR A FULL BREAKDOWN
the properties are occupied by program tenants with 100% collections
CURRENT CAP : 11.80%
projected income is 13% CAP
AVG RENT: $3,438
$288,888 PER UNIT
$338 PER FOOT (7,795 SQUARE FEET)
$96,000 PER BEDROOM
CALL FOR A FULL BREAKDOWN
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$536,380
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$536,380
|
| Taxes |
$33,708
|
| Operating Expenses |
$56,171
|
| Total Expenses |
$89,879
|
| Net Operating Income |
$446,501
|
TAXES & OPERATING EXPENSES (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $536,380 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $536,380 |
| Taxes (CAD) | |
|---|---|
| Annual | $33,708 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $56,171 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $89,879 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $446,501 |
PROPERTY FACTS
| Price | $3,760,900 CAD | Status | Active |
| Price / SF | $580.39 CAD / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 11.81% | Total Building Size | 6,480 SF |
| Sale Type | Investment | Total Land Area | 0.11 AC |
| Price | $3,760,900 CAD |
| Price / SF | $580.39 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 11.81% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,480 SF |
| Total Land Area | 0.11 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1039 Elder Ave, Bronx, NY 10472 | Multifamily | 3,240 SF | 1928 | - |
| 1041 Elder Ave, Bronx, NY 10472 | Multifamily | 3,240 SF | 1928 | - |
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1039 and 1041 Elder Ave Bronx
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