211-213 Bement Ave

Conveniently located in the Randall Manor- West Brighton Section, 211-213 Bement Ave is a compelling opportunity for any value add- cash flow investor. With a mature neighborhood that is an instant draw for tenants who crave walkability, shopping, transportation or proximity to the hospital 211-213 Bement is sure to be the beneficiary of graduating rents that have accelerated throughout the area. With a mix of apartment sizes, 211-213 Bement Ave provides room for increasing cash flow as tenants leaser mature. Over the next 6 months this increase could add an additional $13,500 in income. Coupled with the capital improvements made of the past 6 months, NOI should increase over $20,000 in the next year. This is a rare find and will not last in this market.

ADDRESS/LEGAL

County: Richmond

Area Name: Randall Manor

Parcel ID: 159-113

CONTRACT/LOCATION INFORMATION

Current Price: $1,300,000

List Price/SqFt: 380.12

Sub-Type:5F

Zoning:R3X

Block:159

Lot:113

CofO:No

List Type:Exclusive Right to Sell

Owner Finance:No

GENERAL PROPERTY INFO

Stories:3

Year Built:1931

Year Built Info:Approx

Taxes:8,678

Tax Abated:No

Lot Size SqFt:6,000

Lot Dim:50X120

Building SqFt:3,420

Condition:Good

# Units:5

Garage Capacity:0

Basement Type:Full

No. of Heating Units:3

Air Conditioner:Units

INCOME & EXPENSES

Gross Income:89,124

Total Expense:32,678

Net Income:$56,446

UNIT 1

Level: 1# Rooms: 5# Bedrooms: 2# Baths: 1Rent/Month: 1,277

UNIT 2

Level: 2# Rooms: 7# Bedrooms: 4# Baths: 2Rent/Month: 1,750

UNIT 3

Level: 1# Rooms: 5# Bedrooms: 2# Baths: 1Rent/Month: 1,650

UNIT 4

Level: 2# Rooms: 5# Bedrooms: 2# Baths: 1Rent/Month: 1,650

UNIT 5

Level: 3# Rooms: 3# Bedrooms: 1# Baths: 1Rent/Month: 1,100

ELECTRIC METERS: Individual

GAS METERS: Mixed

SEWER: City

ELECTRIC: 220

PARKING: Off Street

SIDING: Vinyl

HEAT SOURCE: Gas

HEAT SYSTEM: Hot Water

Contact us about this property info@cornerstonerealtynyc.com