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700 East 134th Street,
Bronx, NY
Closed
$4,040,000
Overview
Sold
700 East 134th Street,
Bronx, NY
5
13,975 SFDescription
A 5-story walk up building in a rapidly changing South Bronx, which was completely renovated 10 years ago. The property is approximately 13,975 SF, with a residential layout made up of 21 apartments, all of which are free market loft corner units, formerly legal 2 bedrooms. All in-place tenants are month-to-month with an average rent of $1,043 per month. Additionally, the property has a 14×48 grandfathered billboard facing Major Deegan and Bruckner Expressways. The billboard is currently rented by a publicly traded company. Potential upgrades to the billboard and the ability to increase rents to market make this a substantial value-add investment.
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Description
A 5-story walk up building in a rapidly changing South Bronx, which was completely renovated 10 years ago. The property is approximately 13,975 SF, with a residential layout made up of 21 apartments, all of which are free market loft corner units, formerly legal 2 bedrooms. All in-place tenants are month-to-month with an average rent of $1,043 per month. Additionally, the property has a 14×48 grandfathered billboard facing Major Deegan and Bruckner Expressways. The billboard is currently rented by a publicly traded company. Potential upgrades to the billboard and the ability to increase rents to market make this a substantial value-add investment.
Property Id : 39724
Price: $ 4,040,000
Property Size: 13 ft2
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