396 East 176th Street Aka 1477 & 1505 Webster Avenue, Bronx, NY 10457

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Subject Property
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$2,300,000 List Price
Off Market
 
Listing ID 10646540
Property Type Multi-Unit (5+)
County Bronx
Township Bronx
Neighborhood West Bronx
Total Tax $2,958
Tax ID Block:3068 Lot:32
FEMA Flood Map fema.gov/portal
Year Built 1931
   
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Great Unregistered Value Add Investment Opportunity

The subject Property is a Four-story Brick Walk-up Mixed Use Apartment Building consisting of Six (6) Large One Bedroom Residential Apartments Plus a Deli/Grocer Store and Stand-alone One-story Beauty Salon/Barber Shop. Gross total floor area of 6,000 Square foot consisting of 4,397+/- Residential Square foot and 1,600+/- Retail Square foot.
Property Details
  • 6 Full Baths
  • 4400 SF
  • 2000 SF Lot
  • Built in 1931
  • 4 Stories
  • Available 10/07/2019
Unit Information
Unit #1 – Gross Area: 4400, Net Leasable Area: 4400, Bedrooms: 6, Full Baths: 6, Occupied
Unit #2 – Gross Area: 1000, Net Leasable Area: 1000, Rent Price: 2500, Occupied
Unit #3 – Gross Area: 600, Net Leasable Area: 600, Rent Price: 1200, Occupied
Interior Features
  • Hot Water
  • Gas Fuel
Exterior Features
  • Masonry - Brick Construction
  • Masonry Siding
  • Municipal Water
  • Municipal Sewer
  • Near Bus
  • Near Train
Commercial Info
  • 4% Cap. Rate
Income/Expenses
  • Gross Income $116,040
  • Net Income $80,600
  • Operating Exp $35,440
  • Maintainence Exp $3,000
  • Insurance Exp $3,989
  • Heat Exp $15,093
  • Water Exp $8,000
  • Misc Exp $2,400
  • Total Exp $35,440
  • Paid by Landlord: Electric, Heat, Water, Insurance, Struct. Maint.
Taxes and Fees
  • $2,958 City Tax
  • $2,958 Total Tax
  • Tax Year 2019
Previously Listed By
ANDREW LICHTENSTEIN INC
Office: 718-549-5999
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