1024 FAILE STREET BRONX, NY Longwood, The Bronx
FOR SALE
Gut Renovated 3-Family – Perfect for Investor or “Live plus Income” PROPERTY FEATURES
Cushman & Wakefield is pleased to present 1024 Faile Street, a vacant, gut-renovated, 3-story, 3-family property. The unit mix is comprised of one 5-bedroom/1.5 bath duplex, and two 4-bedroom/1 bath floor-through units. The property has been gut renovated and work includes: 3 new gas boilers; 3 new hot water heaters; new gas piping throughout which includes venting for gas dryers. This is a great opportunity for an investor to lease up the property with tenancy of choice and realize a solid yield due to low utility expense. The property is also ideal for a “live plus income” scenario. The property has a good location with minutes walk to either the MTA #6 on Whitlock Ave or the MTA #2/5 at Simpson/Westchester. Please call for more information or for a copy of floor plans.
REDUCED ASKING PRICE
BUILDING FEATURES
$749,000
BLOCK / LOT
2748 / 12
LOT SIZE SF
2,000
LOT DIMENSIONS
20’ x 100’
BUILDING SF
3,330
BUILDING DIMENSIONS
20’ x 60’
STORIES
3
UNITS
3
YEAR BUILT
1901
ZONING
R7-1
FAR
3.44
TAXES 15/16
$1,115
FOR MORE INFORMATION, PLEASE CONTACT: Karl Brumback Executive Director (212) 660 7752
[email protected] Nick Burns Director (212) 660 7756
[email protected] Joshua Rubin Associate Director (212) 660 7752
[email protected] CUSHMAN & WAKEFIELD Sam Hamlin 275 Madison Avenue, 3rd Floor Associate New York, NY 10016 (212) 660 7719 nyinvestmentsales.com
[email protected] No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.