For more information contact: Daniel Shapiro (917) 912-8669  Ditmas Estates LLC

Property Description

100 FEET FRONTAGE CORNER BRONX ELEVATOR
BUILDING
WITH STORES GREAT UPSIDE POTENTIAL

Address: 758 Kelly Street, Bronx A.K.A 950-958 Longwood Avenue

Location: Corner of Longwood Avenue, 2 blocks from Westchester
Avenue

Size: 110 x 100 (LOT) 100 X 100 (BUILT)

Description: 6 Story elevator apartment, building with 38 apartments + 1
Super apartment, plus 7 stores and one cellular antenna

Lay-out: 6(4), 18(5), 11(6), 4(7) 208 Rooms and 7 stores


INCOME:
Residential: $448,920
Commercial Base Rent: $160,035
Water & Tax Contribution: $ 19,356
Antenna-AT&T: $ 15,278
Total Income: $664,853

ESTIMATED EXPENSES:

R.E. TAXES: $55,909
Water & Sewer: $20,320
Insurance: $21,500
Help: $18,200
Fuel: $44,000
Light & Power: $ 9,000
Repairs: $22,500

TOTAL EXPENSES: $191,429

ESTIMATED NET PROFIT: $473,424

PRICE: $4,900,000

REMARKS:
Huge upside. New boiler, new front doors, upgraded plumbing and electric. All apartments have been renovated. New kitchens and baths.

Subject to errors, omissions, changes or withdrawal without any prior notice