3180 4 $24 morrisania - Agorafy
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. March 2, 2015 12:53 PM
866 EAST 164TH STREET, THE BRONX, NY 10459 Three (3) Story, 4 Unit Multifamily Walk-up Building | FOR SALE
3,180
4
Gross SF
Units
$24
MORRISANIA
$/SF Operating Rent
LOCATION
PROPERTY INFORMATION Location
The subject property is located on the south side of East 164th Street between Prospect Avenue and Rev James Polite Avenue
Address
866 East 164th Street, The Bronx, NY 10459
Block / Lot
2690 / 206
Stories
3
Number of Units
4
Zoning (FAR)
R7-1
Lot Dimensions
22' x 73.58'
Lot Size
1,619
Building Dimensions
20' x 53'
Building Size
3,180
Assessment (14/15)
$297,000
Taxes (14/15)
$2,206
(3.44)
Sq. Ft. (Approx.)
Sq. Ft. (Approx.)
INVESTMENT HIGHLIGHTS 866 East 164th Street is a 22’ wide building located on the south side of East 164th Street between Prospect Avenue and Rev James Polite Avenue. The fully occupied building consists of four residential units, which are comprised of two (2) one-bedroom, one (1) two-bedroom and one (1) three-bedroom apartments. Located in the Morrisania section of the South Bronx and steps away from the 2 & 5 subway station, the property offers immediate access to Manhattan and the outer boroughs. With the gross income of roughly $76,000, 866 East 164th Street offers investors a stable income producing asset. Please contact our sales team for more information about this property or to schedule an inspection.
CURRENT ROLL
EXPENSES: (ESTIMATED) Real Estate Taxes (14/15) Water & Sewer
$3,200
Insurance
$2,400
Fuel
Scheduled Gross Income:
$75,816
Less Vacancy Rate Reserve (5.0%):
($3,791)
Gross Operating Income:
$72,025
Less Expenses:
($21,041)
28%
% of SGI
Net Operating Income:
$50,985
7.55%
Cap Rate
$2,206
Electric
Paid by Tenants $1,113
Cleaning & Maintenance
$3,600
Repairs
$1,600
Legal/Miscellaneous
$1,441
Payroll
$2,600
Management Gross Operating Expenses
Asking Price: $675,000 For More Information Please Contact Our Exclusive Sales Agents Jason M. Gold
Scot Hirschfield
Marko Agbaba
212.544.9500 x.22
212.544.9500 x.16
212.544.9500 x.32
[email protected]
[email protected]
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
$2,881 $21,041
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. March 2, 2015 12:53 PM
866 EAST 164TH STREET, THE BRONX, NY 10459 Three (3) Story, 4 Unit Multifamily Walk-up Building | FOR SALE SCHEDULED INCOME Current Rents Apt
Status
# of Bedrooms
Actual/Projected
Monthly Rent
Lease Expiration
1
Section-8
3
Actual
$2,350
2/28/2015
2
HASA
1
Actual
$1,100
M-T-M
3
HASA
1
Actual
$1,168
7/31/2016
4
FM
2
Actual
$1,700
M-T-M
Total Monthly Rent
$6,318
Total Annual Rent
$75,816
Total # of Units
4
TAX MAP
206
East 164th Street
2690
5
FA VYSE AV RM SR D
ST
T E 167 S
6 Whitlock Av
WE 5
27
2 5
4
E 165 ST
ALDUS ST
CK A V ITLO
SIMPSON ST
FOXHURST
WH
TIFFANY ST FOX ST
CH EST
HOE AV
EA V
SA V
ER VA L
BIN
INT
UNI ON
2
5
E 163 ST
W
T
FO XS
ST
BE CK
[email protected]
[email protected]
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
DRAKE ST
Marko Agbaba 212.544.9500 x.32
WHITTIER ST
Scot Hirschfield 212.544.9500 x.16
BRYANT AV
Jason M. Gold 212.544.9500 x.22
FAILE ST
WOOD LONG For More Information Please Contact Our Exclusive Sales Agents
Hunts Point Av
W AV LONGFELLO
6 6
RAINEY PARK Asking Price: $675,000
E 15
6 ST
2 5 V RA
11
35
Simpson St
E EST
Prospect Av
19
Subject Property
Intervale Av
TINT O
E AV CAU LDW ELL A V TRIN ITY A V JAC KSO N AV FOR EST AV
EAGL
AV
N AV
6
THI RD
ELTO
ST
N AV
E AV MEL
ROS
E 163
15 21
EB
ST
13
ROSE
17
T AV
E 165
J
ST
AV
2 ST
BROOK AV
E 16
1 ST
enue
e Av
Polit
ST
E 166
41
LOCATION MAP E 16
Rev
BO
sA ame
STEBBINS AV
2
RD
SPEC
WA SH
ON ST
PRO
ING TO N
AV
East 163rd Street
Prospect Avenue
866 EAST 164TH STREET, THE BRONX, NY 10459 Three (3) Story, 4 Unit Multifamily Walk-up Building | FOR SALE
3,180
4
Gross SF
Units
$24
MORRISANIA
$/SF Operating Rent
LOCATION
PROPERTY INFORMATION Location
The subject property is located on the south side of East 164th Street between Prospect Avenue and Rev James Polite Avenue
Address
866 East 164th Street, The Bronx, NY 10459
Block / Lot
2690 / 206
Stories
3
Number of Units
4
Zoning (FAR)
R7-1
Lot Dimensions
22' x 73.58'
Lot Size
1,619
Building Dimensions
20' x 53'
Building Size
3,180
Assessment (14/15)
$297,000
Taxes (14/15)
$2,206
(3.44)
Sq. Ft. (Approx.)
Sq. Ft. (Approx.)
INVESTMENT HIGHLIGHTS 866 East 164th Street is a 22’ wide building located on the south side of East 164th Street between Prospect Avenue and Rev James Polite Avenue. The fully occupied building consists of four residential units, which are comprised of two (2) one-bedroom, one (1) two-bedroom and one (1) three-bedroom apartments. Located in the Morrisania section of the South Bronx and steps away from the 2 & 5 subway station, the property offers immediate access to Manhattan and the outer boroughs. With the gross income of roughly $76,000, 866 East 164th Street offers investors a stable income producing asset. Please contact our sales team for more information about this property or to schedule an inspection.
CURRENT ROLL
EXPENSES: (ESTIMATED) Real Estate Taxes (14/15) Water & Sewer
$3,200
Insurance
$2,400
Fuel
Scheduled Gross Income:
$75,816
Less Vacancy Rate Reserve (5.0%):
($3,791)
Gross Operating Income:
$72,025
Less Expenses:
($21,041)
28%
% of SGI
Net Operating Income:
$50,985
7.55%
Cap Rate
$2,206
Electric
Paid by Tenants $1,113
Cleaning & Maintenance
$3,600
Repairs
$1,600
Legal/Miscellaneous
$1,441
Payroll
$2,600
Management Gross Operating Expenses
Asking Price: $675,000 For More Information Please Contact Our Exclusive Sales Agents Jason M. Gold
Scot Hirschfield
Marko Agbaba
212.544.9500 x.22
212.544.9500 x.16
212.544.9500 x.32
[email protected]
[email protected]
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
$2,881 $21,041
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. March 2, 2015 12:53 PM
866 EAST 164TH STREET, THE BRONX, NY 10459 Three (3) Story, 4 Unit Multifamily Walk-up Building | FOR SALE SCHEDULED INCOME Current Rents Apt
Status
# of Bedrooms
Actual/Projected
Monthly Rent
Lease Expiration
1
Section-8
3
Actual
$2,350
2/28/2015
2
HASA
1
Actual
$1,100
M-T-M
3
HASA
1
Actual
$1,168
7/31/2016
4
FM
2
Actual
$1,700
M-T-M
Total Monthly Rent
$6,318
Total Annual Rent
$75,816
Total # of Units
4
TAX MAP
206
East 164th Street
2690
5
FA VYSE AV RM SR D
ST
T E 167 S
6 Whitlock Av
WE 5
27
2 5
4
E 165 ST
ALDUS ST
CK A V ITLO
SIMPSON ST
FOXHURST
WH
TIFFANY ST FOX ST
CH EST
HOE AV
EA V
SA V
ER VA L
BIN
INT
UNI ON
2
5
E 163 ST
W
T
FO XS
ST
BE CK
[email protected]
[email protected]
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
DRAKE ST
Marko Agbaba 212.544.9500 x.32
WHITTIER ST
Scot Hirschfield 212.544.9500 x.16
BRYANT AV
Jason M. Gold 212.544.9500 x.22
FAILE ST
WOOD LONG For More Information Please Contact Our Exclusive Sales Agents
Hunts Point Av
W AV LONGFELLO
6 6
RAINEY PARK Asking Price: $675,000
E 15
6 ST
2 5 V RA
11
35
Simpson St
E EST
Prospect Av
19
Subject Property
Intervale Av
TINT O
E AV CAU LDW ELL A V TRIN ITY A V JAC KSO N AV FOR EST AV
EAGL
AV
N AV
6
THI RD
ELTO
ST
N AV
E AV MEL
ROS
E 163
15 21
EB
ST
13
ROSE
17
T AV
E 165
J
ST
AV
2 ST
BROOK AV
E 16
1 ST
enue
e Av
Polit
ST
E 166
41
LOCATION MAP E 16
Rev
BO
sA ame
STEBBINS AV
2
RD
SPEC
WA SH
ON ST
PRO
ING TO N
AV
East 163rd Street
Prospect Avenue
