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693 Beck St Bronx, NY 10455

Sponsored
For Sale
$2,700,000

24-Unit Brick Building, High Demand Area

Property size:
7,456 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
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.

Property Features for 693 Beck St

General Information

Property type
Other commercial real estate
Square Feet
7,456 SF

Building Details

Year Built
1909

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Bronx
County
Bronx County
State
New York
Longitude
-73.90085
Latitude
40.81509

FAQs

What type of property is this?
Commercial real estate - 24-Unit Brick Building, High Demand Area
Where is this commercial real estate located?
The property is located at 693 Beck St Bronx, NY.
What is the asking price?
The asking price for this property is $2,700,000.
More about this property
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