About 536 Throggs Neck Expressway
ATTENTION INVESTORS: Welcome to 536 Throggs Neck Expressway, an exceptional investment opportunity in the Bronx. Built-in 1960, this legal two-family property is currently configured as four units: a 2bd/1.5bath unit, over a 2bd/1.5bath unit, over a 1bd/1bath unit, and a studio with 1 bathroom. The potential rental income for the two-bedroom units is $2,700 each, while the one-bedroom unit can yield $2,000 and the studio $1,500. The landlord is responsible only for taxes and insurance, as there are four electric meters that power heat, stoves, and separate hot water heaters, keeping expenses low. Additionally, the 1-bedroom and studio units will be delivered vacant, offering flexibility for new owners to occupy, rent out, or renovate to their preference. This property also boasts additional desirable features, including a two-year-old roof, a one-car garage, and parking in the driveway, enhancing its appeal and investment potential. Pro-forma cap rate is 6.4%.
Features of 536 Throggs Neck Expressway
| MLS® # | H6290912 |
|---|---|
| Price | $1,490,000 |
| Bedrooms | 5 |
| Bathrooms | 6.00 |
| Full Baths | 4 |
| Half Baths | 2 |
| Square Footage | 2,560 |
| Acres | 0.06 |
| Year Built | 1960 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 536 Throggs Neck Expressway |
|---|---|
| City | Bronx |
| County | Bronx |
| State | NY |
| Zip Code | 10465 |
Additional Information
Listing Details
| Office | Joyce Realty Corp |
|---|---|
| Office Contact | (845) 735-7100 |