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Claudine Colletti

Licensed Real Estate Salesperson

  • Office 914-401-9700
  • Cell 914-261-8535
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1650 Montgomery Avenue, BRONX, NY – $899,000

  • 10 Beds
  • 4 Baths
  • 3,312 Sqft
  • .06 Acres
  • 10 Beds
  • 4 Baths
  • 3,312 Sqft
  • .06 Acres

1650 Montgomery Avenue

A/O. Gigantic investment opportunity for all investors and developers, just a few minutes across the bridge from Manhattan in University Heights of the Bronx, New York. This huge fully renovated 4 family property with 2 units in the walkout basement, presently consists of a total of 10 large bedrooms plus a huge finished basement. The property consists of a large 2 bedroom and 2 bedroom apartments on the 1st floor, and also a large 2 (three) bedroom apartments on the 2nd floor. The huge full walkout basement, (ground level) that consists of a large 2 and 3 bedroom apartments respectively with 2 full bathrooms makes it possible for this property to be very easily convertible to a 6 family home because the zoning is R7 and it accommodates that. The property consists of 2 hot water tanks, a large boiler and 4 electric and 2 gas meters and runs on natural gas. NOI is $89,885 yearly, tax is $3,615 (very low), operating expenses are $11,500 and Cap rate is 10%.Seller will deliver property with an approved plan for a 4 family with finished basement. This is a diamond... Hurry!!! Seeing is believing!

Essential Information

  • MLS® #H6017022
  • Price$899,000
  • Bedrooms10
  • Bathrooms4.00
  • Full Baths4
  • Square Footage3,312
  • Acres0.06
  • Year Built1920
  • TypeResidential Income
  • Sub-TypeMulti Family
  • StyleTownhouse, Contemporary
  • StatusActive

Community Information

  • Address1650 Montgomery Avenue
  • CityBRONX
  • CountyBronx
  • StateNY
  • Zip Code10453

Amenities

  • FeaturesEasement, Near Public Transit
  • Parking Spaces2
  • ParkingDriveway, Off Street
  • GaragesDriveway, Off Street

Interior

  • InteriorHardwood
  • HeatingNatural Gas, Baseboard
  • CoolingNone
  • Has BasementYes
  • BasementFinished, Full

Interior Features

Master Downstairs, Eat-in Kitchen, Granite Counters

Exterior

  • ExteriorBrick
  • Lot DescriptionEasement, Near Public Transit
  • ConstructionBrick

School Information

  • DistrictBronx 10

Additional Information

  • Date ListedFebruary 27th, 2020
  • Days on Market88
  • HOA Fees0.00

Listing Details

  • Listing Courtesy ofCharles Rutenberg Realty, Inc.
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Listing Courtesy of Charles Rutenberg Realty, Inc..

The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Giner Realty are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

Information deemed reliable but not guaranteed.

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Listing information last updated on May 28th, 2020 at 6:30am EDT.