This Property Was Newly Built In 2021 And Is The Perfect Investment Property. The Property Comprises 21 Residential Units, 2 Commercial Spaces, And 4 Parking Spaces, Totaling Approximately 16, 015 Square Feet. The Building Offers Newly Constructed Affordable Housing Units Through The Nyc Housing Connect Program.
Amenities Include Split-unit Heating And Cooling Systems, A Laundry Room, And Bike Storage. The Property Benefits From A 35-year 421-a Tax Abatement. Additionally, There Is A $4.2 Million Government Mortgage At A 5% Interest Rate, Which Is Assumable By The Buyer.
With Lower Maintenance Costs, The Property's Good Condition, Prime Location, Lower Interest Rates, And Guaranteed Rent Payments By The City, This Is A Perfect Investment Opportunity.
The Building Is Conveniently Located Near Public Transportation, Including The 2 And 5 Subway Lines, As Well As Multiple Bus Routes. Nearby Neighborhoods Include Belmont, Tremont, And Crotona Park East. It Is Near Botanical Gardens And 2 Blocks Away From The Bronx Zoo.
A Rare Investment Opportunity Like This Is Hard To Find!
Property Information
Location/Town
West Farms
Area/County
Bronx
Prop. Type
Multi-Family for Sale
Style
Attached
Tax
$8,273.00
Total Baths
25
SqFt
16,015
# Stories
7
Year Built
2021
# of Cars
4 Spaces, Parking Area
Basement
Cellar, Full, Separate Entrance
Exterior
Brick
Roof
Flat
Construction
Brick
Foundation
Poured Concrete
Yard
None
Insurance/Year
$1,300.00
Lot SqFt
4,290
Heat
Hot Water
Electric
220 V
Roof
Flat
Zoning
R7-1
Features
A/c unit - window, elevator, garage door opener(s), laundry area
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MORTGAGE CALCULATOR
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