For more information contact: Daniel Shapiro (917) 912-8669  Ditmas Estates LLC

Property Description

Property Address: 871 East 220th Street
Bronx, New York

Location: Corner of Bronxwood Avenue and 220th Street

Block/Lot: 4679/01

Property Description: A 5-Story walk-up apartment containing 23 apartments
Plus one super apartment and 4 Stores

Lay-out: 18(3), 5(4)

Size: 58 x 83 (LOT) 58 x 74 (BUILT)

INCOME:

RESIDENTIAL: $256,244.00
COMMERCIAL: $ 45,000.00

EFFECTIVE GROSS INCOME: $301,244.64

EXPENSES:
R.E. Taxes: $35,600
Water & Sewer: $12,011
Insurance: $ 8,750
Fuel # 4 $17,550
Gas & Electric: $ 1,839
Payroll: FREE APARTMENT
Repairs & Maintenance: $11,500

TOTAL EXPENSES: $87,300

NOI: $213,944.64

ASKING PRICE: $2,575,000

COMMENTS:
Building in Excellent shape and condition
Average rent per room: $254
Average rent per apartment: $816



Subject to errors, omissions, changes, or withdrawal without any prior notice