2089 Webster Ave Bronx, NY 10457

Property Details for 2089 Webster Ave

Year built

1910

Lot size

0.06 lot acres

Property size

8,681 SF

Zone code

R7-1

Property type

Apartment buildings

APN

03143-0128

APU

31430128

Description

This exceptional investment opportunity presents a well-maintained, nine-unit apartment building located at 2089 Webster Ave, Bronx, NY 10457. The property, built in 1910, boasts a total of 8,681 square feet situated on a 2,686 square foot lot and is zoned R7. The building comprises five stories and features a mix of seven three-bedroom units and two two-bedroom units, all currently occupied at 100% occupancy. This stabilized multifamily property offers a compelling investment profile with a Net Operating Income (NOI) of $83,855, resulting in a 5.59% capitalization rate. The asking price is $1,500,000, translating to $172.79 per square foot and $166,667 per unit. The brick construction ensures durability and classic appeal. This property represents a strong cash-flowing investment in a desirable Bronx location, offering significant potential for future appreciation. The building's solid occupancy rate and rent-stabilized units provide a stable income stream, making it an attractive option for seasoned investors seeking a reliable return on investment. The property's location in Bronx County offers easy access to various amenities and transportation options. This is a rare opportunity to acquire a well-performing multifamily asset in a thriving market.