1050 Lowell St, Bronx, NY 10459
$12,500 / month
List Price
Off Market
| Listing ID |
11210954 |
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| Property Type |
Multi-Unit (5+) |
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| Commercial Type |
MULTIFAMILY, Low-Rise |
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| County |
Bronx |
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| Township |
Bronx |
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| Total Tax |
$40,000 |
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| Tax ID |
000000-000.000-2757-042.000 |
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| FEMA Flood Map |
fema.gov/portal |
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| Year Built |
1911 |
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A UNIQUE LONG-TERM TRIPLE-NET LEASE OPPORTUNITY
NOTE THAT THE LISTING PRICE IS NEGOTIABLE, AND OFFERS ARE WELCOME. OWNER WILL ACCEPT THE HIGHEST AND BEST QUALIFIED OFFER. OFFERS ARE BEING ACCEPTED FOR THE LONG-TERM NNN LEASE OF THIS 5-story, 10,950 square foot, 11-family walkup apartment building in the Longwood section of the Bronx. Comprised of 7 free-market, and 4 stabilized, 3-bedroom apartments, plus a super's unit, the property has a potential rent roll of over $341,000 per year. It is ideal for an organization to house tenants with housing vouchers, provide supportive housing, or an investor who wants to benefit from the building's income without having to carry a mortgage. A few minutes to the 2 and 5 Subways, bus stops, highways, supermarkets and shopping.
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- 11 Full Baths
- 10950 SF
- 0.09 Acres
- Built in 1911
- 5 Stories
- Available 11/01/2023
- 5 years Min Term
- Negotiation Max Term
- Full Basement
- Lower Level: Unfinished
- Ceramic Tile Flooring
- Hardwood Flooring
- Vinyl Flooring
- Steam Radiators
- Oil Fuel
- Masonry - Brick Construction
- Rubber Roof
- Municipal Water
- Municipal Sewer
- Near Bus
- Near Train
- Uses: 11-family residential
- Gross Income $334,690
- Net Income $222,290
- Operating Exp $112,400
- Maintainence Exp $14,000
- Insurance Exp $12,000
- Heat Exp $20,000
- Electric Exp $2,400
- Water Exp $12,000
- Misc Exp $12,000
- Total Exp $1,124,000
- Paid by Landlord: Heat, Water, Insurance, Ord. Maint., Struct. Maint., Ground Maint.
Listing data is deemed reliable but is NOT guaranteed accurate.
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