Multifamily property IN CONTRACT
|1744 Merrill Street|
Bronx, NY 10460
|Property Type||Walk-Up Building|
|No. of Properties||1|
|Lot Size||2,375 SF (Approx)|
|Lot Dimensions||25' x 95' (Approx)|
|Bldg Size||5,025 SF (Approx)|
|Bldg Dimensions||25' x 67' (Approx)|
|No. of Stories||3|
|No. of Units||7|
Ariel Property Advisors is please to present 1744 Merrill Street, a 3-story walk-up building located on the corner of Merrill Street and Rosedale Avenue in the Parkchester section of the Bronx. The fully occupied building consists of seven spacious two-bedroom units along with an income producing two car garage. With a scheduled gross income of approximately $102,000, the property has an NOI of roughly $58,400. In addition, the property offers great income producing availabilities by advertising on the side of the building, which faces directly to the Cross Bronx Expressway, as well as cell tower accessibility on the roof.
Located just a block away from the Cross Bronx Expressway, the property offers immediate access to Manhattan and the outer boroughs.
Please contact our sales team for more information about this property and to schedule an inspection.
The subject property is located on the southeast corner of Merrill Street and Rosedale Avenue
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 the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon 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 carefully verify each item of income, and all other information contained herein.