821 E 228th Street

$1,200,000, 4,200 Sqft .07 Acres

About This Property

**9.6% Cap Rate with upside potential for 12.8% return. Buyer is eager to sell! This is a very large 3 unit building with a spacious backyard and parking spots available. Each apartment encompasses *one entire floor*. Construction is relatively new, having also been recently renovated. Property is very well maintained in great condition. Located within a couple hundred feet from subway line 2, as well as main bus lines providing excellent transportation convenience. There is a new multifamily development currently in construction in the lot adjacent to this property on the left hand side, effectively enhancing the value of this block. Rent Roll and T12 Pro Forma are all available upon request.

Essential Information

MLS® #H5121299
Price$1,200,000
Bathrooms0.00
Square Footage4,200
Acres0.07
Year Built2006
TypeResidential Income
Sub-TypeMulti Family
StyleTownhouse
StatusPending

Community Information

Address821 E 228th Street
CityBRONX
CountyBronx
StateNY
Zip Code10466

Amenities

ParkingDriveway
GaragesDriveway

Interior

HeatingNatural Gas, Forced Air
CoolingWindow Unit(s)

Exterior

ExteriorStone
ConstructionStone

School Information

DistrictBronx 10

Additional Information

Date ListedNovember 21st, 2019
Days on Market125
HOA Fees0.00

Listing Details

Listing Courtesy ofMont Sky Real Estate Hudson

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Listing information last updated on May 30th, 2020 at 11:46pm CDT.

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