1665 nelson avenue bronx, ny 10453 - Agorafy
1665 NELSON AVENUE BRONX, NY 10453 Walk-Up Apartment Building
FOR SALE
9-Unit, Approximately 11,400 SF Building PROPERTY DESCRIPTION C&W has been retained on an exclusive basis to arrange for the sale of 1665 Nelson Avenue. The walk-up property is approximately 11,400 square feet and is located on the west side of Nelson Avenue between Brandt Place and West 174th Street in the Morris Heights section of the Bronx. The apartments are generously proportioned with all of them being three bedrooms with exception of the cellar apartment, which is two bedrooms. The property is very clean and well maintained; the roof is in good condition and the apartments are all separately metered for electric and water. The property benefits from being within walking distance of the 176th Street MTA station which is serviced by the 4 subway line. Residents are aided by the numerous bus lines that canvas the neighborhood. The property is also located in close proximity major roadways such as the Major Deegan Expressway, Cross Bronx Expressway, Grand Concourse, and Webster Avenue.
ASKING PRICE:
BUILDING FEATURES
$1,700,000
TOTAL SQUARE FEET:
11,400 SF (approx.)
BLOCK / LOT:
2876 / 215
ZONING/FAR:
R7-1 / 3.44
LOT DIMENSIONS:
37.42’ x 100’ (approx.)
STORIES:
4
BUILDING DIMENSIONS:
37.42’ x 76’ (approx.)
RESIDENTIAL UNITS:
9
ASSESSMENT (15/16)
$86,880
TAXES (15/16)
$11,168
FOR MORE INFORMATION, PLEASE CONTACT: David Simone Director (212) 660 7725
[email protected]
Michael Fioravanti Associate (212) 589 5119
[email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue New York, NY 10016 nyinvestmentsales.com
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, 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 C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.)
EAST 140TH Rent313 Roll and Expenses:
STREET BRONX, NY 10454 Unit Bedroom Count 1
Status
3
Located In The Highly Desirable Mott Haven Section Of The Bronx 2 3
Monthly Rent
RS
FOR SALE $777
RS
$1,800
3
3
RS
$833
4
3
RS
$1,260
5
3
RS
$1,428
6
3
RS
$1,860
7
3
RS
$1,225
8
3
RS
$1,740
9 (cellar)
2
RS
$1,300
Unit
Vacant
Rent
Gross Monthly Income:
$12,223
Gross Annual Income: Vacancy Allowance @ 3% of GAI: Adjusted Gross Annual Income:
$146,676 $4,400 $142,276
2015 Expenses: (Projected Unless Noted)
Real Estate Taxes
Actual
$11,168
Electric
Tenant Pays
-
Water and Sewer
Estimated at $945 / Unit
$8,505
Insurance
Estimated at $400 / Unit
$3,600
Fuel
Estimated at $1.50 / SF
$17,100
Repairs and Maintenance
Estimated at $415/ Unit
$3,735
Management
Estimated at 4.5% EGI
$6,402
Super
Estimated at $500 / Month
$6,000
Total:
$56,510 Adjusted Gross Annual Income: Less Expenses: Net Operating Income:
FOR MORE INFORMATION, PLEASE CONTACT: David Simone Michael Fioravanti Director Associate (212) 660 7725 (212) 589 5119 [email protected]
[email protected]
$142,676 $56,510 $86,166 CUSHMAN & WAKEFIELD 275 Madison Avenue New York, NY 10016 nyinvestmentsales.com
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, 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 C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.)
FOR SALE
9-Unit, Approximately 11,400 SF Building PROPERTY DESCRIPTION C&W has been retained on an exclusive basis to arrange for the sale of 1665 Nelson Avenue. The walk-up property is approximately 11,400 square feet and is located on the west side of Nelson Avenue between Brandt Place and West 174th Street in the Morris Heights section of the Bronx. The apartments are generously proportioned with all of them being three bedrooms with exception of the cellar apartment, which is two bedrooms. The property is very clean and well maintained; the roof is in good condition and the apartments are all separately metered for electric and water. The property benefits from being within walking distance of the 176th Street MTA station which is serviced by the 4 subway line. Residents are aided by the numerous bus lines that canvas the neighborhood. The property is also located in close proximity major roadways such as the Major Deegan Expressway, Cross Bronx Expressway, Grand Concourse, and Webster Avenue.
ASKING PRICE:
BUILDING FEATURES
$1,700,000
TOTAL SQUARE FEET:
11,400 SF (approx.)
BLOCK / LOT:
2876 / 215
ZONING/FAR:
R7-1 / 3.44
LOT DIMENSIONS:
37.42’ x 100’ (approx.)
STORIES:
4
BUILDING DIMENSIONS:
37.42’ x 76’ (approx.)
RESIDENTIAL UNITS:
9
ASSESSMENT (15/16)
$86,880
TAXES (15/16)
$11,168
FOR MORE INFORMATION, PLEASE CONTACT: David Simone Director (212) 660 7725
[email protected]
Michael Fioravanti Associate (212) 589 5119
[email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue New York, NY 10016 nyinvestmentsales.com
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, 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 C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.)
EAST 140TH Rent313 Roll and Expenses:
STREET BRONX, NY 10454 Unit Bedroom Count 1
Status
3
Located In The Highly Desirable Mott Haven Section Of The Bronx 2 3
Monthly Rent
RS
FOR SALE $777
RS
$1,800
3
3
RS
$833
4
3
RS
$1,260
5
3
RS
$1,428
6
3
RS
$1,860
7
3
RS
$1,225
8
3
RS
$1,740
9 (cellar)
2
RS
$1,300
Unit
Vacant
Rent
Gross Monthly Income:
$12,223
Gross Annual Income: Vacancy Allowance @ 3% of GAI: Adjusted Gross Annual Income:
$146,676 $4,400 $142,276
2015 Expenses: (Projected Unless Noted)
Real Estate Taxes
Actual
$11,168
Electric
Tenant Pays
-
Water and Sewer
Estimated at $945 / Unit
$8,505
Insurance
Estimated at $400 / Unit
$3,600
Fuel
Estimated at $1.50 / SF
$17,100
Repairs and Maintenance
Estimated at $415/ Unit
$3,735
Management
Estimated at 4.5% EGI
$6,402
Super
Estimated at $500 / Month
$6,000
Total:
$56,510 Adjusted Gross Annual Income: Less Expenses: Net Operating Income:
FOR MORE INFORMATION, PLEASE CONTACT: David Simone Michael Fioravanti Director Associate (212) 660 7725 (212) 589 5119 [email protected]
[email protected]
$142,676 $56,510 $86,166 CUSHMAN & WAKEFIELD 275 Madison Avenue New York, NY 10016 nyinvestmentsales.com
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, 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 C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.)
