10 Unit Multifamily Bronx

Investment Highlights

New-construction 10-unit multifamily, ~8,500 SF. Annual rent roll $185K. 421-A tax abatement through 2053. Asking $2.5M (~13.5x GRM). No financing contingency.

Average Expenses: 28-34K
Apt# 2A, 3A, 4A have identical layouts. ( one bedrooms)
2B and 3B identical layout ( studios)
2C and 3C identical to one another (studios)

1a $1475.18 she is moving out so we will raise by 3 or 5%
1b 1420.54 she is moving out
2a $1518.70
2b $1689.61
2c $1529.81
3a $1728.17
3b 1693.73
3c $1201.44
4A $1437.73 plus 3 or 5%
4b $1592.63

water bill is about $8000 a year
taxes are $4500 a year
mangem fee is $6000 a year
electric $2000 year
fire alarm is $3000 a year
rapiers are $8000 a year
the rest is about $3000 a year
super $5000 a year