1761 Topping Avenue,Bronx, NY 10457
Bronx, NY 10457
Description
Calling All Investors, Developers & End-User!!! 9.51 Cap Brand New 10 Unit Bronx Apartment Building Near Grand Concourse For Sale!!! The Property Features, Excellent Signage, Great Exposure, R7-1 Zoning, HIgh 8’ Ceilings, Sprinklers, 6 Parking Spaces, Gated Side Yard, Rear Yard, Low Property Taxes, 4 Stories, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Between 1-95, Grand Concourse & Webster Ave.!!! The Property Was Built In 2025 & Has A 485X Tax Abatement That Expires In 2061!!! Neighbors Include Yankee Stadium, Shell, Gulf, 7-Eleven, Dunkin’, Key Food, White Castle, Western Beef, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1A (Studio): $30,000 Ann.Unit 1B (Studio): $30,000 Ann.Unit 1C (Studio): $30,000 Ann.Unit 2A (1 Br. Apt.): $32,400 Ann.Unit 3A (1 Br. Apt.): $32,400 Ann. Unit 3B: $25,200 Ann. (Available) Unit 4A (Studio): $30,000 Ann. Unit 4B (1 Br. Apt.): $32,400 Ann. Unit 4C: $25,200 Ann. (Available) Pro Forma Gross Income: $300,000 Ann. Expenses: Electric: $2,410 Ann.Insurance: $6,823 Ann. Water & Sewer: $3,869 Ann. Taxes: $2,691 Ann. Total Expenses: $15,793 Ann. Net Operating Income (NOI): $284,207 Ann. (Pro Forma 9.51% Cap!!!)
Details
| MLS # | 1022366 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 2024 |
| Days On Site | 112 |
| Listing Provided By | All Island Estates Realty Corp | Richard Matt Shane |
Features
| SQ Feet | 9,144 |
|---|---|
| Basement | Y |
| Story(s) | 4 |
| Units | 10 |
| Building(s) | 1 |
| Acreage | 0.05 |
Interior
| Cooling | Multi Units |
|---|---|
| Heating | Electric |
Exterior
| Construction Materials | Block |
|---|
Parking
| Parking Features | On Street |
|---|
Utilities
| Utilities | Cable Available, Electricity Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2026 |
|---|---|
| Tax Annual Amount | 2677 |
| Tax Lot | 46 |
Area Information
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10457 |
| Listing VS Median (in 10457) | |
Price: $2,988,000 low | high Med: $679,000 sqft: 9,144 low | high Med: 1,364 $ / sqft: $327 low | high Med: $498 On site: 112 low | high Med: 16 | |
Market Activity 10457
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Learn More About This Property
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10457 |
| Listing VS Median (in 10457) | |
Price: $2,988,000 low | high Med: $679,000 sqft: 9,144 low | high Med: 1,364 $ / sqft: $327 low | high Med: $498 On site: 112 low | high Med: 16 | |
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
