$499,000
Updated 7 years ago
Sold
388 East 154th Street
Melrose, Bronx | Courtlandt Ave & Melrose Ave
5 Beds2 Baths2,076 Square FeetMulti-Family
$499,000
floors / apts2 / 2
Lot Size25'x100'
Built Size22'x40'
ZoneR6
Building TypeTownhouse
RE Taxes$1,461
Price Per SF
$240
This property was sold for $540,000 on 01/23/19.
Property Description for 388 East 154th Street
Great investment opportunity. 22' wide 2-family in the desirable Melrose neighborhood of the Bronx. 3-bedroom over a 2-bedroom plus basement with high ceilings. The building is habitable but will need renovation. Just a 5-minute walk to the 2 and 5 trains at 149th street, minutes to Manhattan.
The building will be sold with existing tenants in place for both units. The total rent roll is approximately $2,600/month with leases for both units expiring September 2019. Tenants are paying below market rent.
Building dimensions: 22 ft x 40 ft
Stories: 2
R6 zoning
Lot size: 25 × 100
Building class: Two Family Frame (B2)
Residential FAR: 2.43
Facility FAR: 4.8
FAR as built: 0.83
Allowed usable floor area: 6,075
Usable floor area as built: 2,075
Unused FAR: 4,000
The building will be sold with existing tenants in place for both units. The total rent roll is approximately $2,600/month with leases for both units expiring September 2019. Tenants are paying below market rent.
Building dimensions: 22 ft x 40 ft
Stories: 2
R6 zoning
Lot size: 25 × 100
Building class: Two Family Frame (B2)
Residential FAR: 2.43
Facility FAR: 4.8
FAR as built: 0.83
Allowed usable floor area: 6,075
Usable floor area as built: 2,075
Unused FAR: 4,000
Building Details for 388 East 154th Street
OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts2/2
Transit and Citi Bike
Subway
3 Av-149 St
0.24 miles
Railroad
MelroseMetro-North Railroad
0.44 miles
Citi Bike
Melrose Ave & E 154 St
0.04 miles
E 155 St & Courtlandt Ave
0.08 miles
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 73751TH
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