3610 Barnes Avenue

A/O.. Contract out. 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! A/O