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Property profile & analytics
OFF-MARKET
Apartment buildings

693 Beck St Bronx, NY 10455-3420

7,452 SF 0.1 ac lot Built 1909
Entity Owned 26-yr Hold Free & Clear
Property ID
US63-2642147
Property summary
AI-generated overview

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 profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1909
Total area 7,452 SF
Lot 0.1 ac (4,166 SF)
Zoning code R7-1
APN 02685-0059
UPID US63-2642147
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
MAYIRA REALTY CORP
MAYIRA REALTY CORP
Zoning & alternative use
R7-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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