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FREE MARKET 1633 Macombs Rd

16 Unit Block of Flats £3,599,270 (£224,954/Unit) 6.74% Net Initial Yield Bronx, NY 10453

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Investment Highlights

Heavy foot traffic.

High vehicle count.

Executive Summary

Fully Got Renovated 16 Apartments Building, All New Plumbing, Electric, Roof, Windows, Hallways and Apartments (Fire Rated doors, Hardwood floors, New Kitchen and bathrooms, New Appliances and Climate control units)
3 Studios
10 One bedrooms
3 two bedrooms
ALL FREE MARKET Apartments – NOT RENT STABILIZED (No DHCR)
100% Occupancy
Tenants are paying their own Utilities.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£345,060	£43.72
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£345,060	£43.72
Taxes	£52,815	£6.69
Operating Expenses	£49,490	£6.27
Total Expenses	£102,305	£12.96
Net Operating Income	£242,755	£30.76

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£345,060
Annual Per SF	£43.72

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£345,060
Annual Per SF	£43.72

Taxes
Annual	£52,815
Annual Per SF	£6.69

Operating Expenses
Annual	£49,490
Annual Per SF	£6.27

Total Expenses
Annual	£102,305
Annual Per SF	£12.96

Net Operating Income
Annual	£242,755
Annual Per SF	£30.76

Property Facts

Price	£3,599,270	Building Class	C
Price Per Unit	£224,954	Lot Size	0.07 AC
Sale Type	Investment	Building Size	7,892 SF
Net Initial Yield	6.74%	Average Occupancy	100%
No. Units	16	Number of Floors	4
Property Type	Residential	Year Built	1927
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Mid Rise

Price	£3,599,270
Price Per Unit	£224,954
Sale Type	Investment
Net Initial Yield	6.74%
No. Units	16
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.07 AC
Building Size	7,892 SF
Average Occupancy	100%
Number of Floors	4
Year Built	1927
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning
Dishwasher

Heating

Wooden Floors

Stainless Steel Appliances

Site Amenities

24 Hour Access

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
Studios	3	-	-
1+1	10	-	-
2+1	3	-	900

1 of 1

Walk Score ®

Very Walkable (87)

Transit Score ®

Rider's Paradise (100)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	02876-0027	Total Assessment	£470,964 (2024)
Land Assessment	£24,647 (2024)	Annual Taxes	£52,815 (£6.69/sf)
Improvements Assessment	£446,317 (2024)	Tax Year	2023

PROPERTY TAXES

Parcel Number

02876-0027

Land Assessment

£24,647 (2024)

Improvements Assessment

£446,317 (2024)

Total Assessment

£470,964 (2024)

Annual Taxes

£52,815 (£6.69/sf)

Tax Year

2023

zoning

Zoning Code	R7-1 (R1- R2- Residential development in R2 districts is limited exclusively to single-family detached houses)
R7-1 (R1- R2- Residential development in R2 districts is limited exclusively to single-family detached houses)