693 Beck St Bronx, NY 10455-3420
This exceptional investment opportunity presents a well-maintained, 24-unit multifamily property located in the highly sought-after Longwood neighborhood of the Bronx, New York. The property consists of two attached solid brick buildings, offering a diverse mix of apartment sizes to cater to a wide range of tenants. One building comprises thirteen studio apartments and three one-bedroom units, while the second building features five three-bedroom apartments and three four-bedroom units. This strategic unit mix ensures consistent occupancy and strong rental income potential. The property boasts excellent curb appeal and is in excellent condition, minimizing immediate capital expenditure needs. A shared, efficient boiler system simplifies maintenance and operational costs, further enhancing the property's profitability. The convenient location provides easy access to public transportation, shopping centers, schools, and parks, contributing to high tenant demand and retention. The property's 7,456 square feet sits on a zero-acre lot. This turnkey investment is priced at $2,700,000 and represents a rare opportunity to acquire a substantial multifamily asset in a prime Bronx location. The solid brick construction ensures durability and longevity, making this a sound long-term investment. The property's strong cash flow potential, combined with its desirable location and well-maintained condition, makes it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R7-1 · Bronx, NYBronx. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.