1553 Bruckner Boulevard
Bronx, NY 10472
- 8 beds
- 5 baths
- 3,054 sqft
- 1,568 sqft lot
- $171 per sqft
- 2005 build
- – on site
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An excellent time to invest in real estate! The interest rate on money in the bank has risen slightly on savings while mortgage interest rates have remained stable and continue to be at historical lows -- for now! This building qualifies for residential loan. No mandated cap on rents. Current tenants all Section 8 and rents have not been increased to 2016 permitted levels, amounting to a potential $8,496 in additional income! (See attached document for details including rent split between Section 8 & tenants.) All expenses stated are actual 2015 statements. Cap rate is over 8.75%! This property offers true value to the buyer. It has low maintenance and stable tenants who appreciate its walking distance to public transportation, shopping and schools, as well as its close proximity to both Manhattan and Westchester.
Listing courtesy of ONEKEY / Stetson Real Estate
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Last updated Apr 9, 2024
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MLS# H4554290 —
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/28/16
Apr 28, 2016
|
Sold | ONEKEY | $525,000 |