Updated 11 days ago
In contract
Kingsbridge, Bronx | West 231st Street & Albany Crescent
10 Rooms6 Beds3,560 Square FeetMulti-Family

$895,000
floors / apts4 / 2
Lot Size20'x102'
Built Size20'x45'
ZoneR4A
Building TypeTownhouse
RE Taxes$6,159
Price Per SF
$251

Outdoor space and views

  • Terrace
  • Skyline Views

Building Amenities

  • Garage

Property Description

Opportunity awaits at this 2 unit Multi-Family located at 3030 Kingsbridge Terrace. Whether for primary residence with rental income to offset your mortgage or pure investment this home is not to be missed! Comprised of 2 units, multiple outdoor spaces, and 2 car parking garage. Unit #1 has 2 sizeable bedrooms with a large living room, kitchen with dinning nook and full bathroom (currently tenant occupied). Walk up an additional flight of stairs to the duplex apartment offering expansive gorgeous Western views, tons of sunlight and yard access. On the first floor of the duplex there is a massive living and dining room with huge galley kitchen (with W/D) as well as a full bath. The 2nd floor of the duplex offers 4 sunny bedrooms with closets and a full bathroom with access to the roof with skyline views. At the entry level there is an additional bonus room with full bathroom and wet bar, perfect to use for a recreation room or storage area.

With close proximity to Fordham Road shopping district and just blocks away from the River Plaza shopping mall convenience is at your doorstep. Located near the B,D,4, and 1 trains. Current annual income $58,000, in place cap rate of 5.8%. Value add opportunity with under-market rent/parking rent, monetize the recreation room and coin operated laundry. Projected cap rate 7%. Low annual taxes of $6,493. Contact us to schedule private appointment and for income and expense.

Listing History

Now
06/12/2022
Contract Signed by Rachel Field
Corcoran
04/26/2022
$895,000 [-$100,000] [10.1%]
Price Drop by Rachel Field
Corcoran

Building Details

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1940
Floors/Apts4/2
Learn More About the Building

Transit and Citi Bike

Subway

231 St
0.26 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: 84022TH