1049 Kelly Street

For Sale - Bronx - Foxhurst

$1,825,000

Net Operating Income: Contact Agent

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Key Details

Property Type
MultiFamily
Neighborhood
Foxhurst
Property Dimensions
33.33 x 67.0
Property Area
8,932 sq.ft.
Total Units:
8
Stories:
4
NOI
Contact Agent
Price
$1,825,000

Listing Description

Ariel Property Advisors has been retained to market 1049 Kelly Street, located on the west side of Kelly Street between East 165th and East 167th Street in the Longwood section of the Bronx. 1049 Kelly Street is a 33’ wide, four (4) story multi-family building spanning approximately 8,932 square feet above ground. The asset contains nine (9) residential units, most of which are spacious 3-bedroom apartments. The ninth (9th) unit, which is a large two (2) bedroom, is pending the Department of Buildings signoff to be legalized. Recent building improvements include gut renovations on most of the apartments along with utilities, common areas and the basement. With rents averaging roughly $17 per square foot, the property offers significant upside for investors in an emerging South Bronx market.

Property Details

Block/Lot:
02705/0050
Lot Dimensions
33.25 x 100.0
Lot Area
3,325 sq.ft
Zoning:
R7-1
FAR as Built:
2.69
Max FAR:
4.8
Ariel Property Advisors
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