Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
$2,988,000
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Lot: 0.05 Acres
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Other
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$2,988,000
2097 Davidson Avenue Calling All Investors, Developers & End-Users!!! 8.46 Cap New 10 Unit Bronx Apartment Building Near University Ave. For Sale!!! The Property Features Excellent Signage, Great Exposure, R7-1 Zoning, High 8' Ceilings. Large Rear Yard, Sprinklers, 6 Parking Spaces, 4 Stories, 3 Phase Power All New LED Lighting, A/C, +++!!! The Property Is Located IN the Heart Of The Bronx Between I-278 & The Grand Concourse!!! The Building Is Situated Between University Ave. & Jerome Ave. Near Bronx Community College!!! This Building Was Built In 2022 & Has A 421-A Tax Abatement Until 2060!!! Neighbors Include Yankee Stadium, The Bronx Zoo, Chase Bank, USPS, Planet Fitness, AutoZone, Dunkin', Montefiore Medical Center, Saint Barnabas Hospital. H & R Block, Total Wireless, McDonald's, Taco Bell, Domino's, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!! Income: Unit 1A: $26, 472 Ann. Unit 1R: $27, 336 Ann. Unit 2A: $27, 336 Ann. Unit 2B: $25, 896 Ann. Unit 2C: $26, 940 Ann. Unit 3A: $25, 896 Ann. Unit 3B: $25, 920 Ann. Unit 3C: $27, 300 Ann. Unit 4A: $29, 400 Ann. Unit 4B: $26, 940 Ann. Gross Income: $269, 439 Ann. Expenses: Electric: $2, 403 Ann. Insurance: $6, 250 Ann. Water & Sewer: $3, 200 Ann. Internet: $1, 080 Ann. Taxes: $3, 600 Ann. Total Expenses: $16, 533 Ann. Net Operating Income (NOI): $252, 906 Ann. (8.46% Cap!!!)
Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
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