Bronx, NYC - 30 Unit Multifamily - 6% Cap Rate - Turnkey Condition.
Property Type = Multifamily Apartment
Location = Bronx, New York City
Property Condition = Turnkey Condition -> Little deffered maintenance with 15 of the 30 units fully renovated. Also, building-wide improvement.
Number of Stories = 5
Gross Income = $508,684
Annual Expenses = $166,317
Net Operating Income = $342,367
Cap Rate = 6% (Above Market Returns)
Asking Price = $5,725,000 Plus 5%
Must Close by December 31st, 2016. Prefers quick close from contract date
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These properties are available as at today, but cannot guarantee availability anytime after.
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Asking Price $5,725,000
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