2536 Holland Avenue, Bronx, NY

Multi-family for Sale - $1,600,000

Agent Info

Anthony Marciano
CENTURY 21 Marciano

Property Info

  2536 Holland Avenue
  Bronx NY 10467
UpdatedJuly 20th, 2021


Property Description

Calling all investors! Add this beautiful brick building, only 10 years old to your portfolio. This property has 8 units and is attached to 2538 Holland which is also for sale by the same owner totaling 16 units. Both properties are very well maintained & clean. Basement offers a large separate room that you can generate more income utilizing as storage units, laundry room. Current rents are below market and are currently being negotiated with the City of New York, We expect rent to be $1500-$1700 per month for the one bedrooms and $1300-$1500 per month for the studio. The seller has also filed litigation with NYC for a tax abatement, but will not be a sale contingency. This building is centrally located to the bus, stores and railroad. The tenants pay Heat, gas and electric. The projected rent for each of the two buildings will be approximately 146k (current rent $134,700) and current expenses for each of the two buildings are approximately $56K including taxes, utilities, insurance and maintenance.

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