Description
Investor opportunity at 1618 Taylor Avenue, Bronx, NY 10460! This fully occupied four-unit multifamily property offers approximately 3,080 square feet of gross building area on a 2,375-square-foot lot. Featuring a mix of 2-bedroom and 3-bedroom apartments, this income-producing asset provides multiple rental income streams.The property generates approximately $172,546 in annual gross rental income, with a reported pro forma net operating income of $133,248. All four units are occupied, with rental income supported in whole or in part by government subsidy programs or agency/organizational lease arrangements, subject to verification.With reported operating expenses of approximately $34,122 annually, this property presents an opportunity for investors seeking a fully occupied multifamily asset with substantial existing income. The property is noted as having fewer than six units and outside rent stabilization, subject to confirmation and applicable laws.Offered exclusively at $1,500,000. Financials, leases, expenses, and rental regulations to be independently verified by the purchaser
Details
| MLS # | 1060708 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1927 |
| Days On Site | 24 |
| Listing Provided By | HomeSmart Homes & Estates | Abel Rodriguez |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,080 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.05 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Natural Gas |
| Interior Features | ENERGY STAR Qualified Door(s), High Ceilings |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | None |
Utilities
| Utilities | Electricity Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 310950 |
| Tax Annual Amount | 15192.52 |
Area Information
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10460 |
| School District | Belmont Preparatory High School |
| Elementary School | Bedford Park Elementary School |
| High School | Belmont Preparatory High School |
| Listing VS Median (in 10460) | |
Price: $1,500,000 low | high Med: $799,000 sqft: 3,080 low | high Med: 570 $ / sqft: $487 low | high Med: $1,402 On site: 24 low | high Med: 34 | |
Market Activity 10460
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10460 |
| School District | Belmont Preparatory High School |
| Elementary School | Bedford Park Elementary School |
| High School | Belmont Preparatory High School |
| Listing VS Median (in 10460) | |
Price: $1,500,000 low | high Med: $799,000 sqft: 3,080 low | high Med: 570 $ / sqft: $487 low | high Med: $1,402 On site: 24 low | high Med: 34 | |
 | $1,300,000622 Mead StreetBronx, NY 10460 |
270 Main Street
Cornwall, NY 12518
845-534-7874
Hours of Operation
Specializing in Buying and
Selling Real Estate in Cornwall,
NY and surrounding areas.
Fair House Notice
SOP for Purchasers of Real Estate
