1024 faile street bronx, ny

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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.