1910 Pelham Parkway # 4b/7c/3f, BRONX

Sponsor is retiring! Rare opportunity for investors. POSITIVE CASH FLOW CASH Sponsor sale (owner of unsold shares) NO BOARD APPROVAL 3 occupied units for sale. one Free Market and 2 Rent-Stabilized units. Unit #7C status: RS size: 2BR/2BTH Shares: 337 rent: $1,286 Maint: $1,266 lease expiration 10/31/2025. The tenant has been renting since the Sponsor bought the unit in 1997. He is an older man. His sister is in charge of his affairs. She sends in his rent and she is not interested in living there. He has no children nor a wife. Unit #3H status: FM size: 1BR shares: 180 rent: $1,550 Maint: $677 lease expiration: 04/30/2025. The tenant has been renting for the past 5 years. Unit #4B status: RS size: 2BR/1BTH shares: 242 rent: $ 909 Maint: $909 Lease expiration:11/30/2024. The tenant is the daughter of the original tenant. That means that she can not pass on the status of RS to anyone else. She has no children. When the tenant vacates the unit becomes FM and can be sold or rented at any price. Total: shares 759 rent: $3,745 Maint: $2852 Positive cash flow: $893 X 12 = $10,716 yearly Leases and 2022 financials will be provided upon request. The seller is the owner of unsold shares that do not require board approval. Pelham Towers is a well-maintained 1964 building located in the residential section of Pelham Bay. Excellent location near Pelham Bay Park, Orchard Beach, City Island, Jacobi Hospital, Baychester shopping mall, and the New England Thruway. Close to the #6 Pelham Bay train station, main bus terminal, and express bus to Manhattan. Near shopping and restaurants. Great Investment!!

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