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33329862
33329857

2752 Wallace Avenue, New York City, NY 10467

CB
NY 10401396474
IPRG Investment Property Realty Group
IPRG Investment Property Realty Group
IPRG Investment Property Realty Group
IPRG Investment Property Realty Group
IPRG Investment Property Realty Group
Listed by IPRG Investment Property Realty Group
$1,265,000
8 days on market
Updated 1 day ago

2752 Wallace Avenue

Details
APN 04512-0026
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,182
Units 4
Cap Rate 8.88%
NOI $112,293
Tenancy Vacant
Price per SqFt $302
Lot Size (SqFt) 2,500
Zoning R6
Investment Type Owner/User

Multifamily | 4 Units | $316,250/unit

Marketing description

Investment Property Realty Group (IPRG) has been exclusively retained to sell 2752 Wallace Avenue. The subject property is located between Allerton Avenue and Arnow Avenue in the Allerton neighborhood of the Bronx.


The property offers four free market apartments, all will be delivered vacant. The building contains three floors built 20.5 ft x 68 ft and offers approximately 4,182 total square feet. There are three 1-bedroom apartments and one 3-bedroom apartment as well as a two car garage in the rear accessible via a shared driveway. Ownership began renovations on the two third floor apartments but did not complete the work.


The property is located within walking distance to the 2 and 5 subway lines and multiple bus routes. There is an abundance of retail on White Plains Road, Allerton Avenue and Boston Road.

Investment highlights

  • Delivered Vacant

Listing Contacts

CB
NY 10401396474
IPRG Investment Property Realty Group
IPRG Investment Property Realty Group
IPRG Investment Property Realty Group
IPRG Investment Property Realty Group
IPRG Investment Property Realty Group
Listed by IPRG Investment Property Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,293.00
$9,357.75/mo

Valuation Metrics

0
DSCR
8.88%
Cap Rate
8.88%
ROI

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Additional Information

Name
Carson Brantley
License
10401396474
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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