Off Market Multi Family Deal- Bronx NY

[Chris Terborg]

OFF-MARKET MULTIFAMILY DEAL BRONX, NY

🏢 29-Unit Apartment Building

💵 Asking: $4,155,556

📈 Cap Rate: 9.0% (Fully Occupied)

💼 Current Net Income: $295K/year

💰 Pro Forma Net Income: $365K/year

📊 EXPENSES:

• Taxes: $65,000

• Insurance: $26,000

• Water/Sewer: $33,000

• Oil + Common Electric: $40,000

• Total Annual Expenses: $165,000

✅ 3 Vacant Units Ready for Leasing

✅ Prime Norwood location in high-demand rental zone

✅ Great cash flow + strong upside potential

📞 Serious inquiries only. Send us your POF for financials and rent roll.