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  1744 Merrill Street

  Multifamily property FOR SALE
1744 Merrill Street
1744 Merrill Street
Bronx, NY 10460
Asking Price$850,000
Property TypeWalk-Up Building
NeighborhoodParkchester
No. of Properties1
Lot Size2,375 SF (Approx)
Lot Dimensions25' x 95' (Approx)
Zoning CodeR5
Bldg Size5,025 SF (Approx)
Bldg Dimensions25' x 67' (Approx)
No. of Stories3
No. of Units7
Last verified3/12/2014
Investment highlights: 
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.
Location: 
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.

 
Contact Us
Ariel Property Advisors LLC
122 East 42nd Street
Suite 1015
New York, NY 10168
Phone: 212.544.9500
Fax: 212.544.9501
Email: info@arielpa.com
 
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