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416 E 187th St
Bronx, NY 10458

Residential Property For Sale · 12 Units

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EXECUTIVE SUMMARY

Investment Property Realty Group (IPRG) has been exclusively retained to sell 416 East 187th Street. The subject property offers a four-story building located in the Fordham section of the Bronx.
The building is made up of twelve (12) apartments broken down as four 3-bedrooms, 7-1 bedrooms, and 1-studio. The building currently has an assumable mortgage at 4.3% until 2039.
Built in 1909, the property is 34 feet wide and 65 feet deep, giving a total of 8,490 square feet. The building sits on a 3,577 square foot lot.
The building is in walking distance to the B & D subway lines.

PROPERTY FACTS

Price Per Unit	£91,347	Apartment Style	Mid Rise
Sale Type	Investment	Building Class	C
Net Initial Yield	7.25%	Lot Size	0.08 AC
Gross Rent Multiplier	7.87	Building Size	8,490 SF
No. Units	12	Number of Floors	4
Property Type	Residential	Year Built	1909
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.

Price Per Unit	£91,347
Sale Type	Investment
Net Initial Yield	7.25%
Gross Rent Multiplier	7.87
No. Units	12
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.08 AC
Building Size	8,490 SF
Number of Floors	4
Year Built	1909
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.

PROPERTY TAXES

Parcel Number	03031-0047	Improvements Assessment	£161,063
Land Assessment	£19,731	Total Assessment	£180,794

PROPERTY TAXES

Parcel Number

03031-0047

Land Assessment

£19,731

Improvements Assessment

£161,063

Total Assessment

£180,794

ZONING

Zoning Code	R7-1, New York, (C1) (Residential)
R7-1, New York, (C1) (Residential)

Listing ID: 29576992
Date on Market: 21/09/2023
Last Updated:
Address: 416 E 187th St, Bronx, NY 10458

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