Description
Great opportunity for an investor to own an income producing building in the Bronx. Built in 1928, this residential 5-story walk-up building totals 32,000 square feet containing 39 units. 35 apartments are rent stabilized and four are free market. The building is comprised of (27) one-bedrooms, (10) two-bedrooms, (1) 3-bedroom and (1) studio. The property is within close proximity to parks and public transportation; the building is less than a 10 minute walk to the Bedford Park B/D subway stop. The Bronx Zoo and Bronx Botanical Gardens are less than 20 minutes away by public transportation or car. Ways to increase value: -Ownership is currently converting to gas which will lower expenses and increase value. -4 free market units -Lower Expenses -Keep up to date on rent stabilized increases.
