Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

949 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

FREE MARKET 1633 Macombs Rd

16 Unit Apartment Building $6,461,528 CAD ($403,846 CAD/Unit) 6.74% Cap Rate Bronx, NY 10453

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Heavy foot traffic.

High vehicle count.

Executive Summary

Fully Got Renovated 16 Apartments Building, All New Plumbing, Electric, Roof, Windows, Hallways and Apartments (Fire Rated doors, Hardwood floors, New Kitchen and bathrooms, New Appliances and Climate control units)
3 Studios
10 One bedrooms
3 two bedrooms
ALL FREE MARKET Apartments – NOT RENT STABILIZED (No DHCR)
100% Occupancy
Tenants are paying their own Utilities.

Financial Summary (Actual - 2023)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$620,222	$78.59
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$620,222	$78.59
Taxes	$94,932	$12.03
Operating Expenses	$88,955	$11.27
Total Expenses	$183,887	$23.30
Net Operating Income	$436,336	$55.29

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual	$620,222
Annual Per SF	$78.59

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$620,222
Annual Per SF	$78.59

Taxes (CAD)
Annual	$94,932
Annual Per SF	$12.03

Operating Expenses (CAD)
Annual	$88,955
Annual Per SF	$11.27

Total Expenses (CAD)
Annual	$183,887
Annual Per SF	$23.30

Net Operating Income (CAD)
Annual	$436,336
Annual Per SF	$55.29

Property Facts

Price	$6,461,528 CAD	Building Class	C
Price Per Unit	$403,846 CAD	Lot Size	0.07 AC
Sale Type	Investment	Building Size	7,892 SF
Cap Rate	6.74%	Average Occupancy	100%
No. Units	16	No. Stories	4
Property Type	Multifamily	Year Built	1927
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Mid Rise

Price	$6,461,528 CAD
Price Per Unit	$403,846 CAD
Sale Type	Investment
Cap Rate	6.74%
No. Units	16
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.07 AC
Building Size	7,892 SF
Average Occupancy	100%
No. Stories	4
Year Built	1927
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning
Dishwasher

Heating

Hardwood Floors

Stainless Steel Appliances

Site Amenities

24 Hour Access

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
Studios	3	-	-
1+1	10	-	-
2+1	3	-	900

1 of 1

Walk Score ®

Very Walkable (87)

Transit Score ®

Rider's Paradise (100)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	02876-0027	Total Assessment	$845,852 CAD (2024)
Land Assessment	$44,266 CAD (2024)	Annual Taxes	$94,932 CAD ($12.03 CAD/SF)
Improvements Assessment	$801,586 CAD (2024)	Tax Year	2023

PROPERTY TAXES

Parcel Number

02876-0027

Land Assessment

$44,266 CAD (2024)

Improvements Assessment

$801,586 CAD (2024)

Total Assessment

$845,852 CAD (2024)

Annual Taxes

$94,932 CAD ($12.03 CAD/SF)

Tax Year

2023

zoning

Zoning Code	R7-1 (R1- R2- Residential development in R2 districts is limited exclusively to single-family detached houses)
R7-1 (R1- R2- Residential development in R2 districts is limited exclusively to single-family detached houses)