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$ 5,500,000
Est. payment /mo
New
674 E 232nd ST Bronx, NY 10466
10,323 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1008785
Rental Info No
Year Built 2011
Annual Tax Amount $2,674
Lot Size 10,323 Sqft
Acres 0.237
Property Sub-Type Multi Family
Source onekey2
Property Description
Marilyn's Place (674 & 676 & 678 East 232nd Street) WHERE THE NUMBERS DO THE TALKING.
This is the deal you've been underwriting in your head. the one where the expenses are real, the financing is already done, and the income holds. This isn't a value add pitch dressed up with potential. It's a fully operational, 30 unit, 3 building portfolio that walks in the door with every major advantage stacked in your favor.
The mortgage? Assumable. In a market where financing is the first obstacle, this property hands you a solution before you even ask the question.
TAXES? Abated. Your bottom line is protected from day one.
Water & Electric (common area)? Landlord-paid. Tenants stay. Vacancies shrink. NOI holds.
Expenses? Extremely low. This isn't marketing language it's the actual operating profile of a 2011-built property that was designed and managed to perform.
30 apartments. 3 buildings. One rare opportunity to acquire a stabilized Bronx multifamily asset where the cash flow story doesn't require imagination it requires a calculator. you won't need a second showing. It will need a best offer.
This is the deal you've been underwriting in your head. the one where the expenses are real, the financing is already done, and the income holds. This isn't a value add pitch dressed up with potential. It's a fully operational, 30 unit, 3 building portfolio that walks in the door with every major advantage stacked in your favor.
The mortgage? Assumable. In a market where financing is the first obstacle, this property hands you a solution before you even ask the question.
TAXES? Abated. Your bottom line is protected from day one.
Water & Electric (common area)? Landlord-paid. Tenants stay. Vacancies shrink. NOI holds.
Expenses? Extremely low. This isn't marketing language it's the actual operating profile of a 2011-built property that was designed and managed to perform.
30 apartments. 3 buildings. One rare opportunity to acquire a stabilized Bronx multifamily asset where the cash flow story doesn't require imagination it requires a calculator. you won't need a second showing. It will need a best offer.
Location
State NY
County Bronx County
Rooms
Basement Common
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Contact Agent
Middle Schools Call Listing Agent
High Schools Contact Agent
School District Contact Agent
Others
Special Listing Condition None
Listed by At Home With Yara Realty • Yara Annechiarico