536 Throggs Neck Expressway, BRONX, NY


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About 536 Throggs Neck Expressway

ATTENTION INVESTORS: Welcome to 536 Throggs Neck Expressway, an exceptional investment opportunity in the Bronx. Built-in 1960, this legal two-family property is currently configured as four units: a 2bd/1.5bath unit, over a 2bd/1.5bath unit, over a 1bd/1bath unit, and a studio with 1 bathroom. The potential rental income for the two-bedroom units is $2,700 each, while the one-bedroom unit can yield $2,000 and the studio $1,500. The landlord is responsible only for taxes and insurance, as there are four electric meters that power heat, stoves, and separate hot water heaters, keeping expenses low. Additionally, the 1-bedroom and studio units will be delivered vacant, offering flexibility for new owners to occupy, rent out, or renovate to their preference. This property also boasts additional desirable features, including a two-year-old roof, a one-car garage, and parking in the driveway, enhancing its appeal and investment potential. Pro-forma cap rate is 6.4%.

Features of 536 Throggs Neck Expressway

MLS® # H6290912
Price $1,450,000
Bedrooms 5
Bathrooms 6.00
Full Baths 4
Half Baths 2
Square Footage 2,560
Acres 0.06
Taxes $7,500
Year Built 1960
Type Residential Income
Sub-Type Multi Family
Status Active

Community Information

Address 536 Throggs Neck Expressway
County Bronx
State NY
Zip Code 10465
Adult 55+ Community No


Parking Attached, 1 Car Attached, Driveway, On Street
# of Garages 1
Is Waterfront No
Has Pool No


Heating Electric, Baseboard
Cooling Window Unit(s)
Has Basement No
Fireplace No

School Information

District City of New York
Elementary Call Listing Agent
Middle Call Listing Agent
High Call Listing Agent

Additional Information

Date Listed February 22nd, 2024
Days on Market 149
Short Sale No
RE / Bank Owned No

Listing Details

OfficeJoyce Realty Corp

Listing Map

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