1650 Montgomery Avenue, Bronx


10 Beds
4 Baths
3,312 Sqft
.06 Acres
0 Garages

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
Full Baths4
Square Footage3,312
Square Footage2801.00
Year Built1920
TypeResidential Income
Sub-TypeMulti Family
StyleTownhouse, Contemporary
Community Information
Address1650 Montgomery Avenue
Zip Code10453
FeaturesEasement, Near Public Transit
Parking Spaces2
ParkingDriveway, Off Street
GaragesDriveway, Off Street
HeatingNatural Gas, Baseboard
Has BasementYes
BasementFinished, Full
Interior Features

Master Downstairs, Eat-in Kitchen, Granite Counters

Lot DescriptionEasement, Near Public Transit
School Information
DistrictBronx 10
Additional Information
Date ListedFebruary 27th, 2020
Days on Market88
HOA Fees0.00
Listing Details
Listing Information Provided Courtesy of:Charles Rutenberg Realty, Inc.
Property History
Status Changed from A to Active

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