Listed by eXp Realty White Plains
$2,200,000
689 & 693 Beck Street
Details
APN 02685-0060
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 24
Cap Rate 8.00%
NOI $164,159
Year Built 1909
Buildings 2
Acreage 0.096
Zoning R7-1
Multifamily | 8.00% CAP | 24 Units
Marketing description
Rare 24-unit multifamily investment opportunity in the desirable Longwood section of the Bronx. This solid brick property consists of two attached buildings in excellent condition with strong curb appeal, a desirable unit mix, and steady rental demand.
689 Beck Street features 13 studio apartments and 3 one-bedroom apartments. 693 Beck Street features 5 three-bedroom apartments and 3 four-bedroom apartments. Both buildings are serviced by one efficient boiler system, helping simplify management and reduce maintenance costs. Offered at a 7.5% cap
Conveniently located near public transportation, shopping, schools, parks, and daily conveniences. A strong income-producing asset with durable construction, excellent condition, and long-term upside in a high-demand Bronx rental market.
Listing Contacts
Listed by eXp Realty White Plains
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$164,159.00
$13,679.92/mo
Valuation Metrics
0
DSCR
7.46%
Cap Rate
7.46%
ROI
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