1050 Lowell Street
Bronx, NY, 10459 $ 2,388,000
Baths0.0 Sq 3,900 Monthly Estimate*
$ 16,681
Studio
for $2,388,000. This 3,900 square foot building was built in 1911 on a lot size of 0.09.
Calling All Investors, Developers & End-Users!!! 10.03 Cap 11 Unit Apartment Building In The Bronx For Sale!!! The Building Features Great Exposure, Excellent Signage, Strong M1-1 Zoning, 6 Parking Spaces, High 8' Ceilings, 5 Stories, All New LED Lighting, 200 Amp Power, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Just 2 Blocks From I-278 Off Sheridan Blvd.!!! Neighbors Include The Bronx Stop & Shop, ShopRite, Optimum, Macy's, AutoZone, Burlington, Planet Fitness, Marshall's, McDonald's, CVS, Walgreens, IHOP, Family Dollar, Popeye's, Aldi, +++!!! This Could Be Your Next Development Site Or A Nice Addition To Your Investment Portfolio!!! Income: Apt. A (3 Br. 1 Bath): $38,400 Ann. (Available) Apt. B (3 Br. 1 Bath): $26,604 Ann. Apt. 1A (3 Br. 1 Bath): $28,800 Ann. (Available) Apt. 1B (3 Br. 1 Bath): $28,800 Ann. Apt. 2A (3 Br. 1 Bath): $38,400 Ann. (Available) Apt. 2B (3 Br. 1 Bath): $38,400 Ann. Apt. 3A (3 Br. 1 Bath): $24,648 Ann. Apt. 3B (3 Br. 1 Bath): $24,564 Ann. Apt. 4A (3 Br. 1 Bath): $25,932 Ann. Apt. 4B (3 Br. 1 Bath): $30,007 Ann. Apt. 11 (3Br. 1 Bath): $38,400 Ann. (Available) Gross Income: $342,955 Ann. Expenses: Heat: $20,000 Ann. Electric (Common Areas Only): $2,400 Ann. Maintenance & Repairs: $10,000 Ann. Water & Sewer: $20,000 Ann. Insurance: $10,000 Ann. Taxes: $40,960 Ann. Total Expenses: $103,360 Ann. Net Operating Income (NOI): $239,595 Ann (Pro Forma 10.03 Cap!!!)
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FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
matthewshane8828@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $16,681
- Monthly Property Taxes
- $3,413
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Bronx, NY
Average List Price $1,870,397
Percent of Sale Price 22%
About Bronx, NY 1,458,449 Population
10% Since 2002
$ 38,092 Median Income
35.44 Median Age
34% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
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7/6/2023 | $2,388,000 | | Listed Price |