1667 nelson avenue bronx, ny 10453 - Agorafy
1667 NELSON AVENUE BRONX, NY 10453 Walk-Up Apartment Building
FOR SALE
9-Unit, Approximately 11,375 SF Building PROPERTY DESCRIPTION C&W has been retained on an exclusive basis to arrange for the sale of 1667 Nelson Avenue. The walk-up property is approximately 11,375 square feet and is located on the west side of Nelson Avenue between Brandt Place and West 174th Street. The owner is in the process of converting the building from nine units to thirteen. Eight of the units are currently vacant and in need of renovation. A Stop Work Order exists and the building is in the AEP program. The roof was redone in 2013 and the boiler burns #2 fuel. The property benefits from being within walking distance of the 176th Street MTA station which is serviced by the 4 subway line. Residents also are aided by the numerous bus lines that canvas the neighborhood. The property is also located in close proximity of major roadways such as the Major Deegan Expressway, Cross Bronx Expressway, Grand Concourse, and Webster Avenue.
ASKING PRICE:
BUILDING FEATURES
$1,800,000
TOTAL SQUARE FEET:
11,375 (approx.)
BLOCK / LOT:
2876 / 213
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)
$84,132
TAXES (15/16)
$10,815
FOR MORE INFORMATION, PLEASE CONTACT: David Simone Director (212) 660 7725
[email protected]
Richard Velotta Director (718) 606 7065
[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 1S
Status
3
Located In The Highly Desirable Mott Haven Section 1N 4 Of The Bronx
Monthly Rent
Occupied
FOR $877 SALE
Occupied
$1,296
2S*
2
Vacant
$1,400
2N
4
Occupied
$931
2SA*
2
Vacant
$1,400
3S*Unit
2
Vacant
Rent $1,400
3N*
4
Vacant
$2,000
3SA*
2
Vacant
$1,400
4S*
2
Vacant
$1,400
4N
4
Occupied
$933
4SA*
2
Vacant
$1,400
Bsmt.1*
2
Vacant
$1,400
Bsmnt. 2
2
Occupied
$1,200
Rent is Projected. Unit is currently Vacant and in need of renovation*
Gross Monthly Income: Gross Annual Income: Vacancy Allowance @ 3% of GAI:
$17,037 $204,444 $6,133
Adjusted Gross Annual Income:
$198,311
2015 Expenses: (Projected Unless Noted) Real Estate Taxes
Actual
$10,815
Electric
@ .15 PSF
$2,342
Water and Sewer
@ $900 Per Unit
$11,700
Fuel
@ $2.00 PSF
$22,752
Insurance
@ $450 Per Unit
$5,200
Repairs and Maintenance
@ $400 Per Unit
$5,200
Payroll & Benefits
$500 Per Month
$6,000
Management
@ 3% EGI
$5,949
Total:
$70,608
FOR MORE INFORMATION, PLEASE CONTACT: David Simone Richard Velotta Director Director (212) 660 7725 (718) 606 7065 [email protected]
[email protected]
Adjusted Gross Annual Income: Less Expenses:
$198,311 $70,608
Net Operating Income:
$127,703
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.)
FOR SALE
9-Unit, Approximately 11,375 SF Building PROPERTY DESCRIPTION C&W has been retained on an exclusive basis to arrange for the sale of 1667 Nelson Avenue. The walk-up property is approximately 11,375 square feet and is located on the west side of Nelson Avenue between Brandt Place and West 174th Street. The owner is in the process of converting the building from nine units to thirteen. Eight of the units are currently vacant and in need of renovation. A Stop Work Order exists and the building is in the AEP program. The roof was redone in 2013 and the boiler burns #2 fuel. The property benefits from being within walking distance of the 176th Street MTA station which is serviced by the 4 subway line. Residents also are aided by the numerous bus lines that canvas the neighborhood. The property is also located in close proximity of major roadways such as the Major Deegan Expressway, Cross Bronx Expressway, Grand Concourse, and Webster Avenue.
ASKING PRICE:
BUILDING FEATURES
$1,800,000
TOTAL SQUARE FEET:
11,375 (approx.)
BLOCK / LOT:
2876 / 213
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)
$84,132
TAXES (15/16)
$10,815
FOR MORE INFORMATION, PLEASE CONTACT: David Simone Director (212) 660 7725
[email protected]
Richard Velotta Director (718) 606 7065
[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 1S
Status
3
Located In The Highly Desirable Mott Haven Section 1N 4 Of The Bronx
Monthly Rent
Occupied
FOR $877 SALE
Occupied
$1,296
2S*
2
Vacant
$1,400
2N
4
Occupied
$931
2SA*
2
Vacant
$1,400
3S*Unit
2
Vacant
Rent $1,400
3N*
4
Vacant
$2,000
3SA*
2
Vacant
$1,400
4S*
2
Vacant
$1,400
4N
4
Occupied
$933
4SA*
2
Vacant
$1,400
Bsmt.1*
2
Vacant
$1,400
Bsmnt. 2
2
Occupied
$1,200
Rent is Projected. Unit is currently Vacant and in need of renovation*
Gross Monthly Income: Gross Annual Income: Vacancy Allowance @ 3% of GAI:
$17,037 $204,444 $6,133
Adjusted Gross Annual Income:
$198,311
2015 Expenses: (Projected Unless Noted) Real Estate Taxes
Actual
$10,815
Electric
@ .15 PSF
$2,342
Water and Sewer
@ $900 Per Unit
$11,700
Fuel
@ $2.00 PSF
$22,752
Insurance
@ $450 Per Unit
$5,200
Repairs and Maintenance
@ $400 Per Unit
$5,200
Payroll & Benefits
$500 Per Month
$6,000
Management
@ 3% EGI
$5,949
Total:
$70,608
FOR MORE INFORMATION, PLEASE CONTACT: David Simone Richard Velotta Director Director (212) 660 7725 (718) 606 7065 [email protected]
[email protected]
Adjusted Gross Annual Income: Less Expenses:
$198,311 $70,608
Net Operating Income:
$127,703
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.)
