10-Unit Multifamily in Bronx

Investment Highlights

Mt Hope Bronx new construction. 10-unit. 8,500 SF (25' × 62'). Annual RR $185K. 421-A tax abatement in place through 2053. Price reduced Asking $2.65m negotiable

Apt# 2A, 3A, 4A have identical layouts. ( one bedrooms)
2B and 3B identical layout ( studios)
2C and 3C identical to one another (studios)

Rent Roll:
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

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