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366 E 160th Street
House in Melrose •  building info
9bd • 7ba • 4,539ft² $351 per ft²
Sold price

$1,595,000

Key Details
Days on market
210
Last price change
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Estimated payment
$9,694
Taxes
$621
Monthly maintenance
N/A
Description
This fully renovated multi-family property is located in the heart of Concourse Village. Perfect investment opportunity in a prime location, this 3-family home is just two blocks away from the D & 4 trains and is conveniently located near Yankee Stadium. With only a 15-minute commute to midtown Manhattan, the property's location is ideal for renters who want easy access to the city's bustling amenities. The property features three units, each with 3 bedrooms and a minimum of 2 bathrooms each. Unit 1 is a duplex with a private garden and is rented for $3,595 per month. Unit 2 and Unit 3 have been rented for $3,000 per month and $2,900 per month, respectively. The total gross operating income is $113,940. The property has undergone a complete renovation, including a new roof, new facade, new electrical system, separate meters, new plumbing, new flooring, new kitchens, new bathrooms, and new windows. This property presents an excellent opportunity for a savvy investor.

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Building Amenities
Parking Available
History
What it'll cost
Purchase price
$1,595,000
Asking Price: $1,595,000
Term
30 Years
Down Payment
$159,000 (10%)
Min: 10% (159,000)
Rate
6.5 %
Mortgage Amount
$1,435,500
Mortgage Payment
$9,073
Taxes
$621
Estimated closing cost
$57,000
Total monthly cost $9,694
Listing Courtesy of Pantiga Group Inc.

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