1761 Topping Avenue, Bronx, NY 10457
- $2,988,000
- List Price
- $2,988,000
- Days on Market
- 25
- MLS#
- 1022366
- Number Of Families
- 10
- Status
- ACTIVE
- Lot Size
- 2375
Property Description
Calling All Investors, Developers & End-User!!! 9.51 Cap Brand New 10 Unit Bronx Apartment Building Near Grand Concourse For Sale!!! The Property Features, Excellent Signage, Great Exposure, R7-1 Zoning, HIgh 8’ Ceilings, Sprinklers, 6 Parking Spaces, Gated Side Yard, Rear Yard, Low Property Taxes, 4 Stories, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Between 1-95, Grand Concourse & Webster Ave.!!! The Property Was Built In 2025 & Has A 485X Tax Abatement That Expires In 2061!!! Neighbors Include Yankee Stadium, Shell, Gulf, 7-Eleven, Dunkin’, Key Food, White Castle, Western Beef, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1A (Studio): $30,000 Ann. Unit 1B (Studio): $30,000 Ann. Unit 1C (Studio): $30,000 Ann. Unit 2A (1 Br. Apt.): $32,400 Ann. Unit 3A (1 Br. Apt.): $32,400 Ann. Unit 3B: $25,200 Ann. (Available) Unit 4A (Studio): $30,000 Ann. Unit 4B (1 Br. Apt.): $32,400 Ann. Unit 4C: $25,200 Ann. (Available) Pro Forma Gross Income: $300,000 Ann. Expenses: Electric: $2,410 Ann. Insurance: $6,823 Ann. Water & Sewer: $3,869 Ann. Taxes: $2,691 Ann. Total Expenses: $15,793 Ann. Net Operating Income (NOI): $284,207 Ann. (Pro Forma 9.51% Cap!!!)
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Additional Information
- Year Built
- 2024
- Stories
- 4
- School District
- Contact Agent
- Total Taxes
- 2677
- Heating
- Electric
- Parking
- On Street
- Parking Spaces
- 6
- Basement
- Finished
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $2,677
Mortgage Calculator
Listing courtesy of Listing Agent: Richard Matt Shane (matthewshane8828@gmail.com) from Listing Office: All Island Estates Realty Corp.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.