For Sale $15,000,000.00 - Multi-Family for Sale
NORTH BRONX ELEVATOR APARTMENT BUILDING LONG TIME OWNERSHIP
Address: 2440 Bronx Park East
Bronx, NY 10467 Block 4424, Lot 22
Size: 100’ X 128’
Location: Located between Mace Ave and Waring Ave, north of Pelham Parkway in the Allerton section of the Bronx. The building is within walking distance to the Allerton Ave subway (#2 & #5 trains to Grand Central) at White Plains Rd.
Description: A double-wing 6-story elevator w/full basement apartment building.
The building contains 54 apartments plus a Super basement apt.
It was built in 1938 and has a gross area of 59,920 square feet.
The basement contains all of the meters, the boiler, hot water heaters and mechanicals.
Fifty (50) of the apartments have been gut renovated including new wiring and electrical heat, which the tenants pay.
Layout: 14/3’s, 40/4’s & 1/4- room Supt apt
Total: 55 apartments, 206 rooms
Asking Price: $15,000,000 price negotiable for serious inquiries
Features: New over the last 5 years: Parapet walls, Lintels, Roof, all copper risers, Elevator, Windows, 2 Hot water heaters, all apt doors, entrance doors and duel burner boiler to be installed shortly. Great location. Very, very low rents – Avg Rent is less than $1,300 per apt. There is an 8A loan in place since July 2012 which will be retired in a few years. There is also a J51 pending. Absolutely No Inspection without an appointment. Sold subject to minor violations
Contact Jeremiah Houlihan 914-641-4317