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945 Bruckner Blvd

21 Unit Block of Flats £1,486,655 (£70,793/Unit) 7.96% Net Initial Yield Bronx, NY 10459

Executive Summary

Building Equity is please to present the following opportunity in the Bronx, NY.
The subject property is a 5 story, 21 unit walkup building, totaling 14,430 square feet located on Bruckner BLVD. The rent stabilized building consists of 21 2 bedroom units. The property sits on a 40 ft. by 100 ft. lot (block: 2735 lot: 45). The property is located in the R6 zone.
The current owner has recently invested a lot into the building including a new roof, facade repointing and painting, and new boiler system.
A new buyer can expect to have minimal capital expenditures over the next decade.
Owner currently asking $100k a door.
Please call/email Aaron Shirazi for more info 516-512-1085 ashirazi@bemny.com

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,486,655
Price Per Unit £70,793
Sale Type Investment
Net Initial Yield 7.96%
Sale Conditions
Distress Sale
  • 1031 Exchange
No. Units 21
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.09 AC
Building Size 14,430 SF
Average Occupancy 90%
Number of Floors 5
Year Built 1925
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 21 - -
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (77)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02735-0045
Land Assessment
£14,084 (2024)
Improvements Assessment
£239,923 (2024)
Total Assessment
£254,007 (2024)

zoning

Zoning Code R7-1 (Medium-density apartment house district with lower parking requirements)
R7-1 (Medium-density apartment house district with lower parking requirements)
  • Listing ID: 32733078

  • Date on Market: 08/08/2024

  • Last Updated:

  • Address: 945 Bruckner Blvd, Bronx, NY 10459

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