2440 Bronx Park East Bronx, NY 10467

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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

 

Zoning:                       R7-1

 

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

jerryh@hprealestate.com

 

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Jerry Houlihan

  • Office : 914-642-4200
  • Direct : 914-641-4317


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