1050 Lowell Street, Bronx, NY

About 1050 Lowell Street

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!!!)

Listing Map