MultiFamily Property for Sale at 3971 Gouverneur Avenue

FOR SALE

$23,000,000

3971 Gouverneur Avenue, Bronx, NY 10463

65,394 SF

Square Feet

$352

PPSF

67

Units

300.0K

PPU

6.98%

CAP

Property Description

Units

67 — PPU: 300.0K

NOI

$1,606,347

Cap Rate

6.98%

Property Details

Asset Type

MultiFamily

Year Built

1928

Zoning

R7-1

Lot Size

15,515 SF

Neighborhood

Kingsbridge Heights

Submarket

Bronx

ZIP

10463

Listing Type

sale

Offering Memorandum

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Purchase Price ($)

Down Payment (%)

Interest Rate (%)

Amortization

Loan Term

Gross Income ($)

Vacancy Rate (%)

Mgmt Fee ($)

Insurance ($)

Maintenance ($)

Utilities ($)

Property Taxes ($)

Reserves ($)

Net Operating Income (NOI)

$2,548,469

Debt Service Coverage Ratio (DSCR)

1.95x

Cap Rate

11.08%

Cash Flow (Annual)

$1,240,088

Cash-on-Cash Return

21.57%

Monthly Debt Service

$109,032

Annual Debt Service

$1,308,381

View on Map

Address

3971 Gouverneur Avenue

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Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

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Ryan Conway

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Ryan Conway

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