2387 Hoffman Street $990,000
Buy with Yoreevo
$977,700
List price: $990,000
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2387 Hoffman Street
House in Belmont • 
building info
4 bd • 4 ba • 2,373 ft²
Buy with Yoreevo

$977,700

List price

$990,000

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Key Details
Days on market
356
Last price change
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Estimated payment
$6,918
Taxes
$380
Monthly maintenance
N/A
Description
Welcome to Little Italy, the ivy league Fordham university section of the Bronx. This huge contemporary brick semi-detached 4 family home with a finished basement and houses four-single bedroom apartments (4 apartments), each renovated last year (2019) with hardwood floors throughout, Italian walk through kitchen, full bathroom and sizeable bedroom with a balcony for sitting out, and large living room/dining combo. Property is only two blocks from Fordham University and one block from the historic Arthur avenue business center renowned for great Italian cuisines. All apartments are rented with great paying tenants from a single paying program- HARLEM UNITED. Three apartments are each rented out for $1,525 monthly and the last apartment rents out for $1,545, bringing your total monthly income to $6,120;$73,440 yearly. Total expenses are $11,314, NOI= $62,126 (per annum). Basement is tiled, full and finished. In addition, this property also has a commercial overlay, affording a buyer the opportunity to build up an additional two floors and extend to the rear, thereby increasing the cap rate. Don't delay, put your money where your mouth is today !!! Additional Amenities: Balcony, 1st Floor Bedrm, Granite Counters

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Amenities
BUILDING AMENITIES
  • Parking Available
LISTING AMENITIES
  • Hardwood
History
What it'll cost
Purchase price
$990,000
Asking Price: $990,000
Term
30 Years
Down Payment
$99,000 (10%)
Min: 10% (99,000)
Rate
8.0 %
Mortgage Amount
$891,000
Mortgage Payment
$6,538
Taxes
$380
Estimated Yoreevo rebate
$12,300
Estimated closing cost
$27,000
Total monthly cost $6,918
Buy your dream home with us and get an estimated
$12,300 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Courtesy of Charles Rutenberg Realty Inc.

Information ©2021, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

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