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.
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Contacts
Anthony Marciano
Louise DelGiudice
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2430 Lyvere St, Bronx, New York, 10461
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2430 Lyvere St
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