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Property Description

Detached 13 unit SRO in the Van Nest section of the Bronx. In the right hands this is truly a gold mine. Especially with the need for affordable housing and the new Mayor administration being pro-SRO. Mint your own $ with 13 legal SRO units. The unique design is perfect for an owner operator due to 1 of the 13 units consisting of a two bedroom duplex with its own separate entrance, but also with access to the 12 SRO rooms located on the 2nd and 3rd floor, through a hallway leading to the foyer where the tenants enter. There is a 2nd entrance for the tenants adding a degree of privacy and separation. There are 6 SRO units on the 2nd and 3rd floor. Each of the “SRO floors” have their own full bath. Big extras include a two car garage and a separate finished basement area with an external entrance. That’s in addition to the owner units finished basement. With vouchers paying $2,439 when all utilities are paid by the landlord for SRO rooms, the revenue from the SRO rooms alone have the potential to net 12 x $2,439 = $29,268 monthly. If renting out the owners unit at the standard 2BR rate, with all utilities paid by the landlord, add on another $2,760, bringing the monthly potential rent up to $32,028!!! That $384,336 annually or just over 2 times rent roll with no consideration for potential parking revenue as well. The 180th St station transit HUB is .3 miles away with quick access for Manhattan commuters via the # 2 and #5 train. The owner duplex unit has the living room, dining room, 2 bedroom, full bath with Jacuzzi and a patio on the 1st level. The basement living area has a spacious open area, an office which could be used as a third bedroom, along with the utility room. The owners unit is vacant along with 8 of the SRO units leaving 4 occupied units presently; allowing new ownership to renovate as desired and place their new tenants. Fully operational sprinkler system current with all NYFD inspections. Can be purchased in conjunction with 372 Bronx River Avenue. Same ownership MLS # 938238.

Features
Heating System:
Natural Gas
Cooling System:
No
Basement:
Finished
Parking Features:
Garage
Sewer:
Public Sewer
Utilities:
See Remarks, Trash Collection Public, Natural Gas Connected, Electricity Connected, Water Connected, Sewer Connected
Address Map
City:
NY
State:
NY
County:
Bronx County
Directions:
VAN NEST neighborhood: From E. Tremont Ave. make a left onto Bronx Park Avenue (between E. 178th St. & Wyatt Street)
Property and Construction
Development Status:
Aluminum Siding
Elementary School:
Contact Agent
High School:
Contact Agent
Agent MlsId:
20855
Office MlsId:
KWRNYC
MiddleOrJunior School:
Call Listing Agent
Number Of Units:
13
Special Listing Conditions:
No
Stories Total:
3
Tax Annual Amount:
$6,357
Water Source:
Public
Zoning:
M1-1
PhotosCount:
49

Commercial Sale For Sale

376 Bronx Park Avenue, New York, NY

2,500 Acre
$875,000
Listing ID #938230
Basic Details
Property Type :
Commercial Sale
Property SubType :
Multi Family
Listing ID :
938230
Price :
$875,000
Bathrooms Total :
0
Building Area :
2,921 Sqft
Lot Area :
2,500 Acre
Year Built :
1901
Status :
Active
Status :
Active
Listing Office :
Keller Williams Realty NYC Grp
Listing Agent :
Gregory Tsougranis
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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