Stay tuned for more...
USDAProperties.com is making sense of this chaotic market...

 

 

 

$1,700,000   Price Analysis
USDAProperties Agent Contact Page  Agent Details  share icon     map icon  QR
2248 Bassford Ave
Bronx, NY 10457
27 bed 9 bath 8,820 SqFt ($192/SqFt)
2,579SqFt lot. Built 1910
Listed 2024-03-09, Taxes $16,401
Ⓧ USDA Ineligible
due to price & location

near Bronx

HUGE 8

820 SF Well-Maintained 8 Family Building Selling for an 8.94x GRM and 6.9% CAP RATE in 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: PRISTINE Gas Main Risers throughout, Dual Boiler offers option to burn Gas or Oil, (2) 75 Galln 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 $117, 265 NET ANNUAL IN COME!!!

Listed To Sell $1, 700, 000 NEG!!!


Presented by Luis Morales at
Exp Realty.
Listing Agent Photo

Property MLS #H6293979 from OneKeyMLS

Bedrooms: 27

Total Bathrooms: 9
Full Bathrooms: 9

Basement Features: Full
Basement Description: Full

Fuel Expense: 10584
Heating Features: Natural Gas, Oil, Hot Water

Lot Size Acres: 0.0592057
Lot Size Square Feet: 2579

Parking Features: On Street

Association: No
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 7600

Elementary School District: City of New York
High School District: City of New York
Middle or Junior School District: City of New York

Ps 59 The Community School Of Technology is a public elementary school located approximately 0.1 miles away.
directions icon Map directions

Jhs 118 William W Niles is a public middle school located approximately 0.4 miles away.
directions icon Map directions

Theatre Arts Production Company School is a public middle and high school located approximately 0.2 miles away.
directions icon Map directions

St Simon Stock School is a private elementary and middle school located approximately 0.3 miles away.
directions icon Map directions

Number of Units: 8
Number of 3 Bedroom Units: 5
Number of 4 Bedroom Units: 3

Tenant Pays: Cooking Gas, Electricity

Annual Tax Amount: 16762.00
Source Listing Status: Active
County: Bronx
Directions: Bassford Ave Btw: E 182 St & E 183 St
List Price Low: 1700000
Source Property Type: Residential Income
Number of Separate Electric Meters: 9
Number of Separate Gas Meters: 9
Owner Pays: Insurance
Parcel Number: 03050-0098
Postal City: BRONX
Property Subtype: Multi Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$623,250 + $11,250
$634,500
$16,401
2022$708,300 + $11,250
$719,550
$15,162
2021$564,300 + $11,250
$575,550
$14,100
2020$621,000 + $11,250
$632,250
$13,611
2019$612,000 + $11,250
$623,250
$13,482
2018$115,850 + $2,169
$118,019
$12,466
2017$108,383 + $2,152
$110,535
$14,058
2016$101,189 + $2,400
$103,589
$13,354
2015$94,309 + $2,676
$96,985
$12,467
2015$96,116 + $2,749
$98,865
$12,736
2014$87,904 + $2,880
$90,784
$11,933
2011$77,188 + $2,496
$79,684
$10,703
2010$77,188 + $2,496
$79,684
$10,154
2009$74,104 + $1,946
$76,050
$9,878
2007$63,533 + $1,873
$65,406
$7,801

Listed 2024-03-09
$1,700,000
OneKeyMLS
Listing removed 2022-05-15
$2,300,000
OneKeyMLS
Listing removed 2019-04-04
$0
HudsonGatewayMLS
Listed 2018-11-18
$2,300,000
HudsonGatewayMLS
Listing removed 2014-07-03
$1,100,000
HudsonGatewayMLS
Price Changed 2014-06-11
$1,100,000
HudsonGatewayMLS
Listing removed 2014-03-31
$1,025,000
HudsonGatewayMLSEast
Listed 2013-03-12
$1,025,000
HudsonGatewayMLS
Listed 2013-03-12
$1,025,000
HudsonGatewayMLSEast
Listing removed 2012-12-02
$1,100,000
HudsonGatewayMLSEast
Listed 2012-05-02
$1,100,000
HudsonGatewayMLSEast
Sold 2010-03-03
$950,000
Public Record
Listing removed 2009-09-13
$1,100,000
HudsonGatewayMLSEast
Listed 2009-05-21
$1,100,000
HudsonGatewayMLSEast

Total Square Feet Living: 8820
Year Built: 1910
Common Walls: 2+ Common Walls
Construction Materials: Block, Brick, Stone
Property Age: 114
Property Attached: Yes

Sewer: Public Sewer
Water Source: Public
Click Thumbnail Images To View Full Size
property photoproperty photoproperty photoproperty photoproperty photo
property photoproperty photoproperty photoproperty photo

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.