3610 Barnes Avenue, BRONX

$1,299,999

25 Beds
15 Baths
7,879 Sqft
.07 Acres
0 Garages

A/O.. Contract out. Huge Price drop!!! Offers needed ASAP. Gigantic edifice brick 10-family income producing Brownstone located in a nice residential block in the Williamsbridge section of the Bronx, New York City. The property boasts 5 (three-bedroom apartments) and 5 (two-bedroom apartments), all laid out sequentially. It is well maintained and has a brand-new Giant heating system and brand-new electrical wiring and plumbing. Centrally located in a prime location with proximity to all public transportation systems, less than one block from NYC #5&2 trains, shopping is a breeze as it's lined with 24 hrs coffee shops and stores only one block away on the historic White Plains Road shopping district. Current monthly income is $11,428.67; Yearly Income is $137,144.04. Total Annual Expenses are $49,425. NOI (Net Operating Income) = $87,719.04. All apartments will face a 5% rental increase from August, thereby increasing the CAP RATE. Only two tenants are on Programs while the rest are Cash paying tenants. All units and hallways are recently painted plus recently paved fenced-in yard space and a bonus detached storage at the rear of the property, loaded with maintenance equipment and materials. The roof is walk-up and provides entertainment space. Don't miss the chance to own this great Income Spinner. Call me today! A/O

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Essential Information
MLS® #H6195399
Price$1,299,999
Bedrooms25
Bathrooms15.00
Full Baths15
Square Footage7,879
Acres0.07
Year Built1928
TypeResidential Income
Sub-TypeMulti Family
StatusPending
Community Information
Address3610 Barnes Avenue
CityBRONX
CountyBronx
StateNY
Zip Code10467
Amenities
ParkingOn Street
ViewPanoramic
Interior
InteriorHardwood
HeatingNatural Gas, Hot Water
CoolingNone
Has BasementYes
BasementCrawl Space, Partial
Interior Features

Master Downstairs, First Floor Bedroom, Cathedral Ceiling(s), Eat-in Kitchen, High Speed Internet, Storage

Exterior
WindowsSkylight(s)
ConstructionBlown-In Insulation, Brick
Lot Description

Stone/Brick Wall, Near Public Transit

School Information
DistrictCity of New York
ElementaryCall Listing Agent
MiddleCall Listing Agent
HighCall Listing Agent
Additional Information
Date ListedJuly 9th, 2022
Days on Market628
Listing Details
Listing Courtesy ofCharles Rutenberg Realty, Inc.
LISTING MAP

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Listing information last updated on March 28th, 2024 at 5:23am CDT.