1321 Purdy Street, Bronx, NY 10462

1321 Purdy Street is an 8 unit NON-rent stabilised building in the Parkchester/Castle Hill section of the Bronx, that can be purchased individually or in conjunction with two adjacent sister properties: 1323 and 1325 Purdy Street. The seller is the original building owner and builder.

There are 7, two bedroom and 1, one bedroom units. Each apartment has its own boiler unit. Gas and Electric are separately metered as well, so all tenant utility expenses are paid for by the tenants, with the exception of water. The current annual rent roll is $191,280 with annual expenses of $72,044, creating a 2025 net operating income = to $119,236.

The property has a high majority of cash, on time paying tenants. Units are in above average condition. A further breakdown of revenue, expenses and layouts are available. The property is conveniently located a short distance to the Castle Hill #6 subway line making it perfect for Manhattan commuters. Please note that the photos posted are from the three adjacent properties for sale; 1321, 1323 and 1325 Purdy. Full video available as well.