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$1,339,749
List Price: $1,349,999
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1122 Fox Street
Townhouse in Crotona Park East •  building info
17bd • 4ba • 5,280ft² $256 per ft²
Buy with Yoreevo

$1,339,749

List Price

$1,349,999

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James McGrath
(212) 365-0151 • 
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Key Details
Days on market
152
Last price change
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Estimated payment
$7,887
Taxes
$207
Monthly maintenance
N/A
Description
Douglas Elliman has been retained on an exclusive basis to arrange the sale of 1122 Fox St, a 5,280 sqft, four-unit, walk-up townhouse, in the Foxhurst section of the Bronx. This residential building contains four floor-through, oversized apartment units. Featuring 17 bedrooms in total the layout by floor consists of the following: Unit One -- three bedrooms and one bath, Unit Two -- four bedrooms and a bath, and Units Three and Four each have five bedrooms. A $250,000 investment was made into the property in 2018, which contributes to its low operating costs and above-market cap rate. Tenants pay for their own electricity, cooking gas, and hot water, while the owner pays for the building's heat. With the current income, the property boasts a cap rate of 9.1%, and given the updated rent guidelines an investor could achieve almost 11% as the leases are renewed. Local shopping and restaurants are along the Westchester Ave and Southern Blvd commercial corridors. Conveniently located along the MTA's number 2 and 5 train lines, the building is only two blocks from the Simpson Street station, for a 40-minute ride into Midtown. INVESTMENT HIGHLIGHTS Projected 10% Cap rate 5,280 SQF 4 OVER-SIZED UNITS LOW OPERATING EXPENSES LOW PROPERTY TAXES UTILITIES SEPARATED TWO BLOCKS FROM #2, #5 TRAINS

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Important Stuff
Pets allowed
History
What it'll cost
Purchase price
$1,349,000
Asking Price: $1,349,999
Term
30 Years
Down Payment
$134,000 (10%)
Min: 10% (134,000)
Rate
6.5 %
Mortgage Amount
$1,214,999
Mortgage Payment
$7,680
Taxes
$207
Estimated Yoreevo rebate
$10,250
Estimated closing cost
$49,000
Total monthly cost $7,887
Buy your dream home with us and get an estimated
$10,250 rebate.
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Listing Courtesy of Douglas Elliman

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