3610 Barnes Avenue, Bronx, NY 10467

26 Photos
 
$1,299,999
Active for Sale
25 Beds
15 Baths
7879 SF
Built In 1928
 
Listing ID 11091536
Property Type Residential
School City of New York
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Total Tax $18,425
Tax ID 04672-0039
Year Built 1928
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Virtual Tour
Huge Price drop!!! Offers needed ASAP. Gigantic edifice brick 10-family income producing Brownstone located in a nice residential block in the Williamsbridge section of the Bronx, New York City. The property boasts 5 (three-bedroom apartments) and 5 (two-bedroom apartments), all laid out sequentially. It is well maintained and has a brand-new Giant heating system and brand-new electrical wiring and plumbing. Centrally located in a prime location with proximity to all public transportation systems, less than one block from NYC #5&2 trains, shopping is a breeze as it's lined with 24 hrs coffee shops and stores only one block away on the historic White Plains Road shopping district. Current monthly income is $11,428.67; Yearly Income is $137,144.04. Total Annual Expenses are $49,425. NOI (Net Operating Income) = $87,719.04. All apartments will face a 5% rental increase from August, thereby increasing the CAP RATE. Only two tenants are on Programs while the rest are Cash paying tenants. All units and hallways are recently painted plus recently paved fenced-in yard space and a bonus detached storage at the rear of the property, loaded with maintenance equipment and materials. The roof is walk-up and provides entertainment space. Don't miss the chance to own this great Income Spinner. Call me today!
Property Details
  • 25 Total Bedrooms
  • 15 Full Baths
  • 7879 SF
  • 0.07 Acres
  • 3184 SF Lot
  • Built in 1928
Interior Features
  • Hardwood Flooring
  • First Floor Master
  • Hot Water
  • Natural Gas Fuel
Exterior Features
  • Brick Siding
  • Community Water
  • Community Septic
  • Fence
  • Workshop
Community Details
  • Playground
  • 55+ Community
Taxes and Fees
  • $18,425 Total Tax
Listed By
Charles Rutenberg Realty, Inc.
Office: 718-994-4002
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