2248 Bassford Avenue, BRONX, NY


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Square feet



About 2248 Bassford Avenue

HUGE 8,820 SF Well-Maintained 8 Family Building Selling for an 8.94x GRM and 6.9% CAP RATE in Belmont area of Bronx by Saint Barnabas Hospital (only blocks to Fordham University and B, D & 4 subway line) offers (5) 3 Brms, (3) 4 Brms over Basement Workshop/Storage and Boiler Room. Many Improvements over the years: NEW Gas Main Risers throughout, Dual Boiler offers option to burn Gas or Oil, (2) 75 Gallon Hot Water Heaters, Upgraded Main Electrical Service with Meters and Electrical Lines Throughout Building and Apartments, Front Entry Door, Intercom System, 24 Hour Video Security Surveillance System and Mostly All Apartments have been Renovated at vacancy turnover. EXCELLENT CASH FLOW = $ 189,887 GROSS INCOME less $67,134 EXPENSES for $117,265 NET ANNUAL INCOME!!! Listed To Sell $1,700,000 NEG!!!

Features of 2248 Bassford Avenue

MLS® # H6293979
Price $1,700,000
Bedrooms 27
Bathrooms 9.00
Full Baths 9
Square Footage 8,820
Acres 0.06
Taxes $16,762
Year Built 1910
Type Residential Income
Sub-Type Multi Family
Status Active

Community Information

Address 2248 Bassford Avenue
County Bronx
State NY
Zip Code 10457
Adult 55+ Community No


Parking On Street
Is Waterfront No
Has Pool No


Heating Natural Gas, Oil, Other, Hot Water
Cooling None
Has Basement Yes
Basement Full, See Remarks
Fireplace No


Exterior Block, Brick, Stone

School Information

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

Additional Information

Date Listed March 8th, 2024
Days on Market 137
Short Sale No
RE / Bank Owned No

Listing Details

OfficeeXp Realty

Listing Map

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