1209 Elder Avenue Calling All Investors, Developers & End-Users!!! 11.56 Cap 11 Unit Bronx Apartment Building Just Off Westchester Ave. For Sale!!! The Building Features Excellent Signage, Great Exposure, C4-2 (R6 Equivalent) Zoning, High 9' Ceilings, (11) 3 Br. Apartments, 5 Stories, Large Rear Yard, All New LED Lighting, 3 Phase Power, A/C, +++!!!! The Property Is Located In The Heart Of Park Versailles Just Off Busy Westchester Avenue!!! The Property Is Situated Between The Bronx River Pkwy., I-95, I-278 & Sheridan Blvd.!!! Neighbors Include Chase Bank, Bank Of America, Verizon, T-Mobile, AT & T, Extra Space Storage, CubeSmart Self Storage, Boost Mobile, CVS, Dunkin', CityMD, Shell, BP Gas, Foot Locker, Cookie's Department Stores, McDonald's, Burger King, Papa John's, Domino's, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1 (3 Br. Apt.): $6, 600 Ann.; No Lease. Unit 2 (3 Br. Apt.): $23, 757.24 Ann. Lease Exp.: 11/30/26. Unit 3 (3 Br. Apt.): $24, 828.60 Ann.; Lease Exp.: 3/31/26. Unit 4 (3 Br. Apt.): $27, 660 Ann.; Lease Exp.: 3/31/27. Unit 5 (3 Br. Apt.): $30, 000 Ann.; Lease Exp.: 3/31/27. Unit 6 (3 Br. Apt.): $23, 870.64 Ann.; Lease Exp.: 1/31/27. Unit 7 (3 Br. Apt.): $27, 833.28 Ann.; Lease Exp.: 11/30/26. Unit 8 (3 Br. Apt.): $23, 789.04 Ann.; Lease Exp.: 11/30/26. Unit 9 (3 Br. Apt.): $25, 260 Ann.; Lease Exp.: 2/28/27. Unit 10 (3 Br. Apt.): $21, 004.56 Ann.; Lease Exp.: 10/31/27. Unit 11 (3 Br. Apt.): $22, 093.68 Ann.; Lease Exp.: 7/31/27. Gross Income: $256, 697.04 Ann. Expenses: Oil: $20, 092.61 Ann. Electric: $2, 355.18 Ann. (Common Areas Only) Maintenance & Repairs: $5, 500 Ann. Insurance: $10, 000 Ann. Water & Sewer: $13, 286.04 Ann. Taxes: $32, 129.96 Ann. Total Expenses: $83, 363.79 Ann. Net Operating Income (NOI): $173, 333.25 Ann. (12.38% Cap!!!) Reply, Reply All or Forward