743 136Th St Bronx, NY 10454
- Apartment buildings
- 3,900 SF
- 0.06 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 743 136Th St
- Year built
- 1915
- Lot size
- 0.06 lot acres
- Property size
- 3,900 SF
- Zone code
- M1-2
- Property type
- Apartment buildings
- APN
- 02565-0066
- APU
- 25650066
Description
This stabilized, six-unit apartment building in the Bronx, NY, presents a compelling add-value investment opportunity. Located at 743 E 136th St, this 3-story, 3,900 square foot building boasts 100% occupancy, generating a Net Operating Income (NOI) of $57,332 and a 2.87% cap rate. Built in 1915 and renovated in 2018, the property features six units, each with a price point of $333,333.33, totaling an asking price of $2,000,000. The property sits on a 2,500 square foot lot and is zoned M1-2, with an additional 8,100 square feet of air rights. The building's strong performance, combined with the potential for future appreciation in the up-and-coming Mott Haven/Port Morris neighborhood, makes this a highly attractive investment. The neighborhood is experiencing a revitalization, with new businesses and residential developments contributing to its growing vibrancy. Convenient access to major highways and nearby recreational areas like Pulaski Park further enhance the property's appeal. This is a rare chance to acquire a well-maintained, income-producing asset in a rapidly developing area of the Bronx. The property's strong financials and location make it an ideal investment for both seasoned and emerging investors seeking a stable and potentially high-growth opportunity.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.9124
- Latitude
- 40.8032
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
