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Olinville 49 Unit Multifamily Elevator Building
Address: 3650 Bronx Blvd, Bronx, NY 10467, USA
Created date: February 12, 2024
Date last updated: May 8, 2024
Space in basement can be converted into storage rooms or built out for community/office facility.
Property Description
This Property consists of a 6 story Brick Elevator Apartment Building with a Total of 49 Units. There is possibly a 50th unit in the cellar not listed on the Certificate of Occupancy. This can be converted to be used as a super's apartment or duplexed down from 1st floor apartment. The current super's apartment has never been registered. Total Existing Building Square footage is 41,514 Square Foot. Property was Built in 1932 and is Located in the Olinville Section of the Bronx. Layout: 1 Studio, 41 One Bedroom, 7 Two Bedrooms. Total: 49 Apartments Containing 153 Rooms.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $6,000,000 |
| No. of Units: | 489 |
| Cap Rate: | 6.36% |
| GRM /GIM: | 9.42 |
| Average Occupancy: | 100 |
| Year Built: | 1931 |
| Building Size: | 41,514 Sq ft |
| Lot Size: | 10,000.00 Sq ft |
| No. of Stories: | 6 |
| Opportunity Zone: | No |
| Price per unit: | $12,270 |
Address: 3650 Bronx Blvd, Bronx, NY 10467, USA
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|---|
| Financial year: | 2023 |
| Gross income: | 6136658 |
| Effective Gross income: | 636658 |
| Operating expenses: | 255167 |
| Net operating income: | 381491 |
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