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Greiner Maltz Investment Properties24-09 38th Avenue
2nd FloorLong Island City, NY 11101
718.786.5050www.greinermaltz.com
For More Information, Please Contact Exclusive Agents:
Swain Weiner Samia FarahPresident/Partner Director of Sales/Real
Estate Salesperson646.319.1084 [email protected]
[email protected]
The information contained herein has either been given to us by
the owner of the property or obtained from sources that we deem
reliable. We have no reason to doubt its accuracy but we do not
guarantee it. All zoning, buildable footagesand uses must be
independently verified. Vacancy factors used herein are an
arbitrary percentage used only as an example. It does not
necessarily relate to actual vacancy, if any. The value of this
investment is dependent upon theseestimates and assumptions made
above, as well as the investment income, the tax bracket, and other
factors which your tax advisor and/or legal counsel should
evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM
OFINCOME, AND ALL OTHER INFORMATION HEREIN.
DESCRIPTION
The subject properties are located on CityIsland Avenue in the
Bronx. The propertiesconsist of three townhouses; one townhousehas
2 bedrooms and other two have 3bedrooms. All three have 2.5
bathrooms.Townhouses are only 4 years old. Properties arenear the
Qx29 and BxM8 bus lines. This is anexcellent opportunity for an
owner, user and/orinvestor.
ASKING PRICE: $1,375,000
THREE TOWNHOUSESFOR SALE ON CITY ISLAND
IN THE BRONX652-656-658 City Island Avenue, Bronx, NY 10464
Property Information:
Block/Lots: 5636/30,32,33
Lot Dimensions: 102’ x 104’ Comb. Approx.
Lot SF: 8,556 Comb. Approx.
Building Dimensions: 60’ x 34’ Comb. Approx.
Stories: 2
Total Building SF: 5,517 Comb. Approx.
Zoning: C3
F.A.R: 1.00
Assessment (19/20): $102,900 Comb. Approx.
R.E. Taxes (19/20): $20,622 Comb. Approx.
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The information contained herein has either been given to us by
the owner of the property or obtained from sources that we deem
reliable. We have no reason to doubt its accuracy but we do not
guarantee it. All zoning, buildablefootages and uses must be
independently verified. Vacancy factors used herein are an
arbitrary percentage used only as an example. It does not
necessarily relate to actual vacancy, if any. The value of this
investment is dependentupon these estimates and assumptions made
above, as well as the investment income, the tax bracket, and other
factors which your tax advisor and/or legal counsel should
evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLYVERIFY EACH ITEM OF
INCOME, AND ALL OTHER INFORMATION HEREIN.
NEIGHBORHOOD INFORMATION
Aerial View
Transit Map
652-656-658 City Island AvenueBronx, NY 10464
652-656-658 City Island Avenue
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FINANCIAL INFORMATION & BUS MAP
The information contained herein has either been given to us by
the owner of the property or obtained from sources that we deem
reliable. We have no reason to doubt its accuracy but we do not
guarantee it. All zoning, buildablefootages and uses must be
independently verified. Vacancy factors used herein are an
arbitrary percentage used only as an example. It does not
necessarily relate to actual vacancy, if any. The value of this
investment is dependentupon these estimates and assumptions made
above, as well as the investment income, the tax bracket, and other
factors which your tax advisor and/or legal counsel should
evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLYVERIFY EACH ITEM OF
INCOME, AND ALL OTHER INFORMATION HEREIN.
Bus Map
652-656-658 City Island AvenueBronx, NY 10464
652-656-658 City Island
Avenue
REVENUE
Unit LXP Size Monthly Rent Annual Rent
652 City Island Ave. 8/31/2020 2BR; 2.5BA $2,300 $27,600
656 City Island Ave. 8/31/2020 3BR; 2.5BA $2,450 $29,400
658 City Island Ave. 8/31/2020 3BR; 2.5BA $2,365 $28,380
$7,115 $85,380Total:
ESTIMATED EXPENSES
Real Estate Taxes (19/20): $20,622
Insurance: $7,500
Electric: Paid by tenant
Gas: Paid by tenant
Water/Sewer: Paid by tenant
Total: $28,122
FINANCIAL SUMMARY
Gross Annual Income: $85,380
Less R.E. Taxes: $20,622
Less Operating Expenses: $7,500
Net Operating Income: $57,258
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The information contained herein has either been given to us by
the owner of the property or obtained from sources that we deem
reliable. We have no reason to doubt its accuracy but we do not
guarantee it. All zoning, buildablefootages and uses must be
independently verified. Vacancy factors used herein are an
arbitrary percentage used only as an example. It does not
necessarily relate to actual vacancy, if any. The value of this
investment is dependentupon these estimates and assumptions made
above, as well as the investment income, the tax bracket, and other
factors which your tax advisor and/or legal counsel should
evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLYVERIFY EACH ITEM OF
INCOME, AND ALL OTHER INFORMATION HEREIN.
PROPERTY PICTURES
652-656-658 City Island AvenueBronx, NY 10464
ASKING PRICE: $1,375,000
