Page 1 of 8 Team Lala of RMFriedland MultiFamilyDirect.com Exclusively Listed by RM Friedland LLC FOR SALE | 7 APTS & STORE IN WILLIAMSBRIDGE, BRONX 771 E 213th St, Bronx, NY 10467 (Parcel #: 04661-0075) ● ● ● ● ● CONTACT EXCLUSIVE AGENTS Marco Lala • 914.380.3806 • [email protected]Jack Lala • 914.363.7903 • [email protected]Dave Raciti • 914.775.7322 • [email protected]Michelle Lala • 914.861.3183 • [email protected]Seven Apartments & One Storefront Steps to Gun Hill Road MTA Train Station The subject property is a mixed-use building located on the northwest corner of Barnes Avenue and East 213th Street in the Williamsbridge section of the Bronx. This property consists of seven residential apartments and a corner retail storefront. The cell site lease was sold in the past year. Features include: intercom system, cameras throughout, steel door, steel and marble stairs, newer boiler, above ground 1,000 gallon oil tank & a silver coat rubber roof. The property is located steps away from the Gun Hill Road Train Station. Williamsbridge Bronx, NY SUMMARY Corner of Barnes Avenue & East 213th Street 7,724 Square Feet $149k /unit Asking $1,195,000 6.3% Cap Rate 8.7 x Rent $155 /sq. ft. Average Rents @ $270 /month /room $1,048 /month /unit $39 /retail sf / year
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Page 1 of 8
Team Lala of RMFriedland
MultiFamilyDirect.com
Exclusively Listed by RM Friedland LLC
FOR SALE | 7 APTS & STORE IN WILLIAMSBRIDGE, BRONX771 E 213th St, Bronx, NY 10467 (Parcel #: 04661-0075)
The subject property is a mixed-use building located on the northwest corner of Barnes Avenue and East 213th Street in the Williamsbridge section of the Bronx. This property consists of seven residential apartments and a corner retail storefront. The cell site lease was sold in the past year. Features include: intercom system, cameras throughout, steel door, steel and marble stairs, newer boiler, above ground 1,000 gallon oil tank & a silver coat rubber roof. The property is located steps away from the Gun Hill Road Train Station.
Williamsbridge Bronx, NY
SUMMARYCorner of Barnes Avenue & East 213th Street
7,724Square Feet
$149k/unit
Asking$1,195,000
6.3%Cap Rate
8.7 xRent
$155/sq. ft.
Average Rents @$270 /month /room$1,048 /month /unit$39 /retail sf / year
Page 2 of 8
Team Lala of RMFriedland
MultiFamilyDirect.com
Exclusively Listed by RM Friedland LLC
FINANCIAL SUMMARY771 E 213th St, Bronx, NY 10467 (Parcel #: 04661-0075)
BUILDING DETAILS BUILDING SQUARE FEET8 Total Units 7,724 Gross Sqft7 Residential Apts, 1 Commercial Space 966 Retail SqftDimensions: 26 ft x 92 ft 833 Sq. Ft. Avg. Res. Apt.1 Building, 4 stories, Built 1928 est. 12% common area loss
Walk-up Apartment, Over Six Families with Stores, (C7)
PARCEL SIZE ZONING2,591 Square Feet R6A Zone26.36 ft x 114.79 ft 3.00 - 3.00 Max FAR
INCOME CurrentGross Scheduled Income (GSI) 137,763 less 3% Vacancy Allowance (4,133)Gross Operating Income (GOI) 133,630 less expenses (58,161)Net Operating Income 75,469 Cap Rate 6.32%
