1122 Fox Street, Crotona Park East, Bronx, NY 10459

$1,365,000
17
beds
4
Baths
Multi Family Townhouse

AGENTS

Rachelle Rosten
Rachelle Rosten
  • Licensed Real Estate Salesperson
  • DRE #: 01255977
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Property Description

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Douglas Elliman has been retained on an exclusive basis to arrange the sale of 1122 Fox St, a 5,280 sqft, four-unit, walk-up townhouse, in the Foxhurst section of the Bronx. This residential building contains four floor-through, oversized apartment units. Featuring 17 bedrooms in total the layout by floor consists of the following: Unit One -- three bedrooms and one bath, Unit Two -- four bedrooms and a bath, and Units Three and Four each have five bedrooms. A $250,000 investment was made into the property in 2018, which contributes to its low operating costs and above-market cap rate. Tenants pay for their own electric, cooking gas, and hot water, while the owner pays for the building's heat. With current income the property boasts a cap rate of 9.1%, and given the updated rent guidelines an investor could achieve almost 11% as the leases are renewed. Local shopping and restaurants are along the Westchester Ave and Southern Blvd commercial corridors. Conveniently located along the MTA's number 2 and 5 train lines, the building is only two blocks from the Simpson Street station, for a 40-minute ride into Midtown. Don't miss out on this opportunity.
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PROPERTY DETAILS

  • Interior
    5,280 Sq Ft.
  • Exterior
    2,000 Acres
  • Property Type
    Multi Family Townhouse
  • MONTHLY REAL ESTATE TAX
    $104
  • Year Built
    1901
  • MLS/Listing ID
    H6223882
  • Days On Market
    293

BUILDING/PROPERTY DETAILS

  • Air Conditioning
  • Stucco
  • Pets Allowed
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Learn more about 1122 Fox Street