Prime Mott Haven Townhouse
Prime Mott Haven Townhouse FOR SALE: 311 E 140th Street Bronx, NY 10454
NE ADLI E D * BID 13/15 3/
*
(1)
BLOCK / LOT:
2315 / 21
LOT SIZE:
25’ x 100’
LOT SF:
2,500 Sq. Ft.
BUILDING DIMENSIONS:
22’ x 46’
GROSS SF:
2,486 Sq. Ft.
ZONING / FAR:
R6 / 2.43
LANDMARK:
Yes
ASSESSMENT (14/15):
$6,966
TAXES (14/15):
$1,334
(1) (1)
(1) (1)
(1) All Square Footages are Apppoximate
Property Description:
Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of 311 East
A S K I N G P R I C E:
$500,000
140th Street. The property sits within the Mott Haven Historic District, one of the oldest settled areas of the Bronx. 311 E 140th Street is next to the desirable Alexander Avenue, which is lined with well-kept row houses. The property benefits from being two blocks from the #6 subway station at East 138th and 3rd Avenue. The building contains three residential units and all are occupied. The top floor has been recently renovated and includes a newly constructed bathroom. The property also benefits from a backyard that is accessible through the basement apartment and side door. For further information or inspection, please contact Exclusive Agents:
David Simone
Michael Fioravanti
212.696.2500 Ext. 7725
212.696.2500 Ext. 5119
First Vice President of Sales
Associate
[email protected]
[email protected]
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 it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, 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 HEREIN.
THE BRONX
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.03333 www.masseyknakal.com BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
QUEENS
Prime Mott Haven Townhouse FOR SALE: 311 E 140th Street Bronx, NY 10454 2014 REVENUE: UNIT BEDROOMS LEASE EXPIRATION APARTMENT 1 2 6/30/15 APARTMENT 2 Studio 8/31/15 APARTMENT 3 1 10/31/15
STATUS FM FM FM
RENT $1,525 $675 $1,300
GROSS MONTLY INCOME:
$3,500
GROSS ANNUAL INCOME: $42,000
VACANCY ALLOWANCE @ 3% / GAI: $1,260
ADJUSTED GROSS ANNUAL INCOME:
$40,740
2014 EXPENSES: (Projected Unless Noted) TAXES Actual WATER Estimated
$1,345
INSURANCE
Estimated
$3,605
FUEL
Estimated
$3,077
ELECTRIC
Estimated
$3,046
REPAIRS
$550 / Unit
$1,650
MANAGEMENT @ 5%
Adjusted Gross Annual Income: Less Expenses: Net Operating Income:
$2,794
$2,037
Total: $17,553 $40,740 $17,553 $23,187
A S K I N G P R I C E:
$500,000 For further information or inspection, please contact Exclusive Agents:
David Simone
Michael Fioravanti
212.696.2500 Ext. 7725
212.696.2500 Ext. 5119
First Vice President of Sales
Associate
[email protected]
[email protected]
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 it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, 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 HEREIN.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.03333
THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
QUEENS
NE ADLI E D * BID 13/15 3/
*
(1)
BLOCK / LOT:
2315 / 21
LOT SIZE:
25’ x 100’
LOT SF:
2,500 Sq. Ft.
BUILDING DIMENSIONS:
22’ x 46’
GROSS SF:
2,486 Sq. Ft.
ZONING / FAR:
R6 / 2.43
LANDMARK:
Yes
ASSESSMENT (14/15):
$6,966
TAXES (14/15):
$1,334
(1) (1)
(1) (1)
(1) All Square Footages are Apppoximate
Property Description:
Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of 311 East
A S K I N G P R I C E:
$500,000
140th Street. The property sits within the Mott Haven Historic District, one of the oldest settled areas of the Bronx. 311 E 140th Street is next to the desirable Alexander Avenue, which is lined with well-kept row houses. The property benefits from being two blocks from the #6 subway station at East 138th and 3rd Avenue. The building contains three residential units and all are occupied. The top floor has been recently renovated and includes a newly constructed bathroom. The property also benefits from a backyard that is accessible through the basement apartment and side door. For further information or inspection, please contact Exclusive Agents:
David Simone
Michael Fioravanti
212.696.2500 Ext. 7725
212.696.2500 Ext. 5119
First Vice President of Sales
Associate
[email protected]
[email protected]
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 it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, 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 HEREIN.
THE BRONX
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.03333 www.masseyknakal.com BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
QUEENS
Prime Mott Haven Townhouse FOR SALE: 311 E 140th Street Bronx, NY 10454 2014 REVENUE: UNIT BEDROOMS LEASE EXPIRATION APARTMENT 1 2 6/30/15 APARTMENT 2 Studio 8/31/15 APARTMENT 3 1 10/31/15
STATUS FM FM FM
RENT $1,525 $675 $1,300
GROSS MONTLY INCOME:
$3,500
GROSS ANNUAL INCOME: $42,000
VACANCY ALLOWANCE @ 3% / GAI: $1,260
ADJUSTED GROSS ANNUAL INCOME:
$40,740
2014 EXPENSES: (Projected Unless Noted) TAXES Actual WATER Estimated
$1,345
INSURANCE
Estimated
$3,605
FUEL
Estimated
$3,077
ELECTRIC
Estimated
$3,046
REPAIRS
$550 / Unit
$1,650
MANAGEMENT @ 5%
Adjusted Gross Annual Income: Less Expenses: Net Operating Income:
$2,794
$2,037
Total: $17,553 $40,740 $17,553 $23,187
A S K I N G P R I C E:
$500,000 For further information or inspection, please contact Exclusive Agents:
David Simone
Michael Fioravanti
212.696.2500 Ext. 7725
212.696.2500 Ext. 5119
First Vice President of Sales
Associate
[email protected]
[email protected]
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 it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, 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 HEREIN.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.03333
THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
QUEENS
