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Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,224 sqft
Price per Sqft $372
MLS Listing ID KEYL3301567
Sold Date 12/22/21
Bedrooms 8
Full Baths 5
Originating Board onekey2
Rental Info No
Year Built 1925
Annual Tax Amount $12,914
Lot Dimensions 26.33x126.5
Property Description
Excellent opportunity to purchase an extremely desirable, detached 26'x62' brick 5-Family building, plus 2 car garage in the Heart of The Bronx! This impressive property sits on an oversized 26'x126.5' lot and consists of (3) 2 bedroom apartments,(2) 1 bedroom apartments, plus a full basement with interior + exterior access. This free-market building has a current rent roll of $105,300 - 6% current Cap rate - 7% Projected Cap! Much upside potential. Here's the turn-key investment opportunity you've been searching for! This property also carries the highly sought-after R8 zoning, allowing for up to 20,052 Buildable Sq. Ft. 185 E. 205th St. has been meticulously cared for and is now available to a new owner who can appreciate it's full charm and beauty. Not to be missed!, Additional information: Appearance:Excellent, Building Size:26'x62'
Location
State NY
County Bronx County
Rooms
Basement Walk-Out Access, Finished
Interior
Interior Features Entrance Foyer, Master Downstairs
Heating Heat Recovery System, Natural Gas
Cooling Wall/Window Unit(s)
Flooring Hardwood
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Private Entrance
Parking Features Attached, Garage, Private
Fence Fenced
Amenities Available Park
Total Parking Spaces 2
Private Pool No
Building
Lot Description Near Public Transit, Near School
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Structure Type Brick
New Construction No
Schools
School District Bronx 10
Others
Senior Community No
Special Listing Condition None
Read Less Info
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Bought with EXP Realty