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Coop
Bronx (NY), United States
$1,600 per slot
814 Tilden Street #STK-B, Bronx, NY 10467
A mature real estate market with favourable returns.
Average occupancy 90%
Mature real estate where demand never sleeps, with favorable returns.
Projected annual yield 11%
3% from capital appreciation and 8% from average rental income.
Investment duration
Recommended standard 2 - 5 years
Property Overview
Just imagine...owning your own, spacious, sunny, two bedroom Co-op on the first level of of 814 Tilden Street! This lovely unit has plenty of living space, closets and windows. Great for a first time purchaser. This well maintained building has a convenient laundry room, as well as a rentable storage unit. Easy access to everything....public transportation just minutes away. The #2, and #5 subway trains, East Gun Hill Rd buses, the BXM11 Express Bus. Metro North and Major Highways, are close by. 24 hour Cherry Valley Marketplace, and Rite Aid are around the corner. Easy Access to Bay Plaza Mall, hospitals like Montefiore, Albert Einstein and Jacobi Medical Center. And for entertainment, there's Yonkers Raceway and and Empire Casino, now the New MGM Casino, also nearby.
Financial Details
Total Property Value
$160,000
Price Per Slot
$1,600
Aquisition & Legal Fees (3%)
$4,800
Total Cost Per Slot (incl. fees)
$1,648
Projected Returns
Projected Gross Rent
$12,800 (8% of value)
Management fees (7%)
$896
Operating/Service Expenses (3%)
$384
Projected Net Income
$11,520
Net ROI Per Slot (on $1,600)
11% annually
Additional Details
- Bedroom
- 2
- Bathroom
- 1
- Area
- Int - 1,000 Sq Ft.
Ext -
Location
Bronx NY, United States