1234 Fulton Avenue and 1081 Teller Avenue
$825,000
1234 Fulton Avenue, Bronx, NY 10456
6,192 SF
Square Feet
$133
PPSF
9.40%
CAP
Property Description
NOI
$77,550
Cap Rate
9.40%
New York Multifamily is pleased to offer 1234 Fulton Avenue, located in the lively neighborhood of Morrisania. Situated between 168th Street and 169th Street, this asset has been professionally managed by the same ownership group for nearly 7 years. Spanning 6,192 square feet across four stories, 1234 Fulton Avenue is composed of 8 units total. Offered at 5.6x GRM, this turn-key investment enables owners to achieve steady income throughout the entire hold period. The property benefits from a prime location near the Bronx-Lebanon Hospital Center, Author's Academy, Drew Playground, with convenient access to the 167th Street B & D Lines
THE BUILDING
This 8-unit walk-up comprises 1 one-bedroom apartment and 7 two-bedroom apartments.
THE METRICS
9.4% Cap Rate | 5.6x GRM | $133 Per Sqft | $103,125 Per Unit.
PRIME LOCATION - HOSPITAL ZONE
1234 Fulton Avenue is well located in close proximity to the Bronx-Lebanon Hospital Center, Author's Academy, DrewPlayground, with convenient access to the 167th Street B & D Lines.
Property Details
Asset Type
MultiFamily
Year Built
1920
Zoning
R6
Neighborhood
Morrisania
Submarket
Bronx
ZIP
10456
Listing Type
sale
Net Operating Income (NOI)
$123,034
Debt Service Coverage Ratio (DSCR)
2.62x
Cap Rate
14.91%
Cash Flow (Annual)
$76,102
Cash-on-Cash Return
36.90%
Monthly Debt Service
$3,911
Annual Debt Service
$46,931
View on Map
Address
1234 Fulton Avenue
Log in to see street view
Get exclusive comps and insights by logging in - it's free!
Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
