About This Home
This 0-bedroom, 0-bathroom commercial at 1761 Topping Avenue in Bronx, NY is listed for $2,988,000. Built in 2024, on a 0.05 acres lot.
Key Features
- Built in 2024
- 0.05 acre lot
- 6 parking spaces
Property Details
Calling All Investors, Developers & End-User!!! 9.51 Cap Brand New 10 Unit Bronx Apartment Building Near Grand Concourse For Sale!!! The Property Features, Excellent Signage, Great Exposure, R7-1 Zoning, HIgh 8' Ceilings, Sprinklers, 6 Parking Spaces, Gated Side Yard, Rear Yard, Low Property Taxes, 4 Stories, 3 Phase Power, All New LED Lighting, A/C, +++!!!
The Property Is Located In The Heart Of The Bronx Between 1-95, Grand Concourse & Webster Ave.!!! The Property Was Built In 2025 & Has A 485X Tax Abatement That Expires In 2061!!! Neighbors Include Yankee Stadium, Shell, Gulf, 7-Eleven, Dunkin', Key Food, White Castle, Western Beef, +++!!!
This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1A (Studio): $30,000 Ann. Unit 1B (Studio): $30,000 Ann. Unit 1C (Studio): $30,000 Ann. Unit 2A (1 Br. Apt.): $32,400 Ann.
Unit 3A (1 Br. Apt.): $32,400 Ann. Unit 3B: $25,200 Ann. (Available) Unit 4A (Studio): $30,000 Ann. Unit 4B (1 Br. Apt.): $32,400 Ann. Unit 4C: $25,200 Ann. (Available) Pro Forma Gross Income: $300,000 Ann. Expenses: Electric: $2,410 Ann. Insurance: $6,823 Ann. Water & Sewer: $3,869 Ann. Taxes: $2,691 Ann. Total Expenses: $15,793 Ann. Net Operating Income (NOI): $284,207 Ann. (Pro Forma 9.51% Cap!!!)
Monthly Cost Estimate
$15,980/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1761 Topping Avenue
Bronx, NY 10457
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1761 Topping Avenue is listed at $2,988,000. The estimated monthly payment is $15,981 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 2024, 0.05 acre lot, 6 parking spaces.
This property is listed by Richard Matt Shane and can be reached at 5162798828.
