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Property Description
**Investor Alert! Rare 4-Unit Cash-Flow Opportunity with 2-Family Taxes**
Turnkey semi-detached brick **4-unit** property with **4 separate electric meters**, offering strong in-place income and upside potential. Currently configured as:
• 2BR / 1.5BA
• 2BR / 1.5BA
• 1BR / 1BA
• Studio / 1BA
All units feature **10-foot ceilings**, enhancing light, volume, and rental appeal.
**Current rent roll: $7,500/month**, with immediate upside—vacant **1BR can be rented for approx. $1,700/month**, increasing NOI. As currently constituted, property delivers a **7.2% going-in cap rate**.
Major investor advantage: **Own a 4-unit building while paying 2-family taxes**.
Additional highlights include **1-car garage + driveway parking**, **outdoor jacuzzi**, and **electric heat**. Prime location near **Edgewater Park**, close to public and private schools, with excellent transportation—local and express bus service nearby and **highway access allowing approx. 5-minute drive to Queens, NY**.
Ideal for investors seeking **strong cash flow, tax efficiency, and long-term appreciation** in a high-demand rental corridor. A rare find—don’t miss it.
Features
- Heating System:
- Electric
- Cooling System:
- Electric
- Basement:
- Finished, Full
- View:
- No
- Fence:
- Back Yard, Fenced, Brick
- Patio:
- Patio
- Exterior Features:
- Gas Grill
- Flooring:
- Hardwood
- Garage Spaces:
- 1
- Interior Features:
- High Ceilings, First Floor Bedroom, First Floor Full Bath
- Lot Features:
- Near Public Transit, Rolling Slope, Near School, Near Shops, Near Golf Course, Back Yard, City Lot
- Parking Features:
- Driveway, Garage
- Sewer:
- Public Sewer
- Utilities:
- Electricity Connected
Address Map
- City:
- NY
- State:
- NY
- County:
- Bronx County
- Direction Faces:
- West
Property and Construction
- Carport Spaces:
- 1
- Development Status:
- Brick
- Agent MlsId:
- 19692
- Office MlsId:
- CFLUXE
- Number Of Units:
- 4
- Special Listing Conditions:
- No
- Tax Annual Amount:
- $8,112
- Water Source:
- Public
- PhotosCount:
- 13
Residential Income For Sale
536 Throgs Neck Expressway, New York, NY
5 Bedrooms
6 Bathrooms
$1,250,000
Listing ID #952818
Basic Details
- Property Type :
- Residential Income
- Property SubType :
- Triplex
- Listing ID :
- 952818
- Price :
- $1,250,000
- Bedrooms :
- 5
- Bathrooms :
- 6
- Bathrooms Total :
- 6
- Building Area :
- 2,760 Sqft
- Year Built :
- 1960
- Status :
- Active
- Status :
- Active
- Listing Office :
- F Colon Inc
- Listing Agent :
- Frank Colon Jr
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
