For Sale
$1,049,000

724 Manida StThe Bronx, NY 10474

Renovated 2-Family, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional two-family apartment building, located at 724 Manida Street in the Bronx, NY 10474, presents a compelling investment opportunity. The property boasts a total of 2,700 square feet and features two units, each spanning a full floor. Both units are fully renovated and offer three bedrooms and two bathrooms, showcasing modern kitchens and sleek hardwood floors. Recent upgrades include a brand new roof and windows, ensuring long-term value and reduced maintenance costs. Each unit also benefits from its own furnace and hot water system, providing independent climate control and utility management. The property includes a wide shared driveway and two dedicated off-street parking spaces at the rear. An unfinished basement offers significant potential for customization and added value. Situated in the vibrant Hunts Point neighborhood, this property enjoys convenient access to parks, schools, shopping centers, and public transportation. The asking price is $1,049,000, representing a price per square foot of $388.52 and a price per unit of $524,500. With an 8.00% cap rate, this stabilized investment offers strong potential for passive income and appreciation. This Class A property is ideal for discerning investors seeking a high-return, low-risk opportunity in a thriving Bronx neighborhood.

Highlights

  • Two-family apartment building, 2,700 sq ft, Bronx, NY.
  • Each unit features three bedrooms and two bathrooms, fully renovated with modern kitchens and hardwood floors.
  • New roof and windows, individual furnaces and hot water heaters.
  • Two off-street parking spaces and a shared driveway.
  • Unfinished basement.
  • $1,049,000 asking price, 8.00% cap rate.

Property Details for 724 Manida St

Property type
Apartment buildings
Square Feet
2,700 SF
Class
A
Stories
2
Units
2

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.815025
Longitude
-73.8882938
724 Manida St, The Bronx, New York

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724 Manida St
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