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1650 Montgomery Avenue, Bronx
Gigantic investment opportunity for all investors and developers, just a few minutes across the bridge from Manhattan in University Heights of the Bronx, New York. This huge fully renovated 4 family property with 2 units in the walkout basement, presently consists of a total of 11 large bedrooms. Property consists of a large 2 bedroom and 3 bedroom apartments on the 1st floor, and also a large 2 (three) bedroom apartments on the 2nd floor. The huge full walkout basement, (ground level) that consists of a large 2 and 3 bedroom apartments respectively with 2 full bathrooms makes it possible for this property to be very easily convertible to a 6 family home because the zoning is R7 and accommodates that. Property consists of 2 hot water tanks, a large boiler and 4 electric and 2 gas meters and runs on natural gas. NOI is $87,885 yearly, tax is $3,615 (very low), operating expenses is $6,900 and Cap rate is 8.8%.Seller will deliver property with approved plan for a 4 family with finished basement. This is a diamond.... Hurry!!! Seeing is believing!
- MLS® #5049368
- Full Baths4
- Square Footage3,312
- Year Built1920
- TypeMulti-Family 2-4
- StyleContemporary, Town House
- Amenities1st Fl Master Bedroom, Close to Bus, Close to Park, Close to Railroad, Close to School, Close to Shops, Eat in Kitchen, Fenced, Granite Countertops, Hardwood Floors As Seen
- Parking Spaces2
- ParkingDriveway, Off-Street Parking
- Lot DescriptionEasement
- Listing OfficeCharles Rutenberg Realty, Inc.
- Address1650 Montgomery Avenue
- Zip Code10453
- HeatingBase Board
- Has BasementYes
- BasementFull, Unfinished
- ElementaryCall NYC DOC
- MiddleCall NYC DOC
- HighCall NYC DOC
The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Monroe Realty Center. Inc are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
Information deemed reliable but not guaranteed.
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Listing information last updated on October 17th, 2019 at 3:13am EDT.