4683 PARK AVENUE

For Sale - Bronx - Belmont

$3,500,000

Net Operating Income: $455,000

Ic expand

Key Details

Property Type
MultiFamily
Neighborhood
Belmont
Property Dimensions
40.0 x 67.0
Property Area
14,400 sq.ft.
Total Units:
23
Stories:
8
NOI
$455,000
Price
$3,500,000
Price Per Unit
$152,173
Cap Rate
13.0%

Listing Description

B6 Real Estate Advisors has been retained on an exclusive basis to sell 4683 Park Ave, a vacant, 4-story, 8-unit multifamily building. Located in the Belmont neighborhood of the Bronx, and is within a certified Opportunity Zone.

The existing building measures 9,600 SF with plans approved to add an additional 4,800 SF (Approx.).

Plans allow for an additional 4 floors and 15 units totaling 14,400 SF (Approx.) The proposed layouts will be 11 (1) BR, 9 (2) BR, and 3 (3) BR. There will be laundry, trash compactor, bike storage, and mini storage on the cellar floor.

Delivered fully gutted with a new foundation, shoring, & plumbing.

Property Details

Block/Lot:
3032/54
Lot Dimensions
40.25 x 100.0
Lot Area
4,025 sq.ft
Zoning:
R7-1
FAR as Built:
3.44
Brendan CohenB6 Real Estate Advisors
Contact Agent View Setup

Sales & Transactions

AddressSale PriceSale DateProperty Type
2444 CAMBRELENG$800,00005/15/2018MultiFamily
2480 ARTHUR AVE$1,525,00005/10/2018MultiFamily
2507 BELMONT AVENUE$1,200,00005/04/2018MultiFamily
2423 CROTONA AVENUE$825,00003/28/2018MultiFamily
496 EAST 189 STREET$5,485,00003/27/2018MultiFamily
490 EAST 189 STREET$5,705,00003/27/2018MultiFamily
533 187 STREET$860,00002/16/2018MultiFamily
2353 CROTONA AVENUE$9,500,00002/01/2018MultiFamily
2535 CAMBRELENG AVE$917,40001/31/2018MultiFamily
712 GARDEN STREET$205,00001/27/2018MultiFamily