For Sale
$2,749,999

2430 Lyvere StBronx, NY 10461

13-Unit Bronx Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional 3-story brick apartment building at 2430 Lyvere Street in the Bronx, NY (zip code 10461), presents a lucrative investment opportunity. Constructed in 2012, this property boasts 13 units: four studios, six one-bedroom apartments, and three two-bedroom apartments. The building features eight gated parking spaces, each currently renting for $150 per month, adding significant income potential. Tenants are responsible for their own utilities, including heating, which is provided via hotel-style units. The current annual rent roll totals $238,000. Annual expenses, encompassing taxes, water, electricity, and insurance, amount to $68,531. The building incorporates modern amenities such as a state-of-the-art intercom system, robust security measures, and fire prevention systems, along with two steel stairwells. A ground-floor room offers versatile space, potentially suitable for a laundry facility, storage, or a superintendent's office. A significant advantage is the property tax abatement, extending until June 2027. The building's prime location near Montefiore-Albert Einstein medical center and Westchester Square, coupled with convenient access to public transportation, ensures strong tenant demand and long-term stability. This is a rare chance to acquire a well-maintained, high-performing multifamily property in a desirable Bronx location. The asking price is $2,749,999.

Highlights

  • $2,749,999 asking price.
  • Multifamily property with 13 units (4 studios, 6 one-bedrooms, 3 two-bedrooms) located in the Bronx, NY.
  • Strong rental income of $238,000 annually, including $12,000 from 8 gated parking spaces.
  • Low operating expenses of $68,531 annually, including taxes, water, electricity, and insurance.
  • Property tax abatement in effect until June 2027.
  • Modern building (2012 construction) with amenities such as a state-of-the-art intercom system, security features, fire prevention systems, and two steel stairwells.

Property Details for 2430 Lyvere St

Property type
Land, Apartment buildings

Location Insight

City
Bronx
County
Bronx
State
New York
Latitude
40.8417345
Longitude
-73.8519326
2430 Lyvere St, Bronx, New York

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2430 Lyvere St
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