HUGE 8, 820 SFWell-Maintained 8 Family Building Selling for an 8.95x GRM and 6.88% CAP RATEin Belmont area of Bronx by Saint Barnabas Hospital (only blocks to Fordham University and B, D and 4 subway line) offers (5) 3 Brms, (3) 4 Brms over Basement Workshop/Storage and Boiler Room. Many Improvements over the years: NEW Gas Main Risers throughout, Dual Boiler offers option to burn Gas or Oil, (2) 75 Gallon Hot Water Heaters, Upgraded Main Electrical Service with Meters and Electrical Lines Throughout Building and Apartments, Front Entry Door, Intercom System, 24 Hour Video Security Surveillance System and Mostly All Apartments have been Renovated at vacancy turnover . excellent cash flow = $ 189, 887 gross income less $67, 134 expenses for $116, 989 net annual income !!! Listed To Sell Fast $1, 700, 000 firm !!!
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The average household income in
New York, NY
grew
from
$60,879
to
$63,799
in the past year. This data is an estimate based upon
3,2M
households in
New York, NY. The chart below presents how household income is distributed in
New York, NY
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
New York, NY
compared to median property taxes around the country. The prevalent amount of property taxes in
New York, NY
equals
$3k+
, which is
more
than the national average.