1650 Montgomery Avenue Bronx, NY $ 990,000
1650 Montgomery Avenue
$ 990,000
Share Save

1650 Montgomery Avenue

Bronx, NY, 10453
$ 990,000
Bedrooms9 Baths4.0 Sq 3,312

Monthly Estimate*

$ 4,107

1650 Montgomery Avenue, Bronx, NY 10453 - Image 1
1650 Montgomery Avenue, Bronx, NY 10453 - Image 2
1650 Montgomery Avenue, Bronx, NY 10453 - Image 3
1650 Montgomery Avenue, Bronx, NY 10453 - Image 4
1650 Montgomery Avenue, Bronx, NY 10453 - Image 5
1650 Montgomery Avenue, Bronx, NY 10453 - Image 6
1650 Montgomery Avenue, Bronx, NY 10453 - Image 7
1650 Montgomery Avenue, Bronx, NY 10453 - Image 8
1650 Montgomery Avenue, Bronx, NY 10453 - Image 9
1650 Montgomery Avenue, Bronx, NY 10453 - Image 10
1650 Montgomery Avenue, Bronx, NY 10453 - Image 11
1650 Montgomery Avenue, Bronx, NY 10453 - Image 12
1650 Montgomery Avenue, Bronx, NY 10453 - Image 13
1650 Montgomery Avenue, Bronx, NY 10453 - Image 14
1650 Montgomery Avenue, Bronx, NY 10453 - Image 15
1650 Montgomery Avenue, Bronx, NY 10453 - Image 16
1650 Montgomery Avenue, Bronx, NY 10453 - Image 17
1650 Montgomery Avenue, Bronx, NY 10453 - Image 18
1650 Montgomery Avenue, Bronx, NY 10453 - Image 19
1650 Montgomery Avenue, Bronx, NY 10453 - Image 20
1650 Montgomery Avenue, Bronx, NY 10453 - Image 21
1650 Montgomery Avenue, Bronx, NY 10453 - Image 22
1650 Montgomery Avenue, Bronx, NY 10453 - Image 23
1650 Montgomery Avenue, Bronx, NY 10453 - Image 24
1650 Montgomery Avenue, Bronx, NY 10453 - Image 25
1650 Montgomery Avenue, Bronx, NY 10453 - Image 26
1650 Montgomery Avenue, Bronx, NY 10453 - Image 27
1650 Montgomery Avenue, Bronx, NY 10453 - Image 28
1650 Montgomery Avenue, Bronx, NY 10453 - Image 29
1650 Montgomery Avenue, Bronx, NY 10453 - Image 30
1650 Montgomery Avenue, Bronx, NY 10453 - Image 31
1650 Montgomery Avenue, Bronx, NY 10453 - Image 32
1650 Montgomery Avenue, Bronx, NY 10453 - Image 33

Townhouse for sale in Bronx, NY

for $990,000 with 9 bedrooms and 4 full baths. This 3,312 square foot townhouse was built in 1920 on a lot size of 0.06 Acre(s).

Gigantic investment opportunity for all investors and developers!!! Just a few minutes across the bridge from Manhattan in the University Heights of the Bronx, New York, lies this huge 2019 renovated 5 family property with stupendous returns. The property currently consists of a huge 2 bedroom apartment (Vacant), over 2 bedroom apartment on the first floor, and also another large 3 bedroom apartment and 2 bedroom apartment on the second floor, plus an additional 3 bedroom apartment ( open space) on the Walk-in level. There is also a huge full walk-out basement, (street level) that features 1 bedroom apartment respectively with a full bathroom in each apartment. This brings the total number of bedrooms to 13 bedrooms. The basement level is currently demolished and cleaned out for renovation and is to be completed by the next owner. This property currently has an approved plan for a 5 family with the New York City Department Of Buildings (DOB). Sprinkler system was already approved and paid for by the current owner. The new owner only needs to file for a new certificate of occupancy to convert to 5 family which increases the value to $1.2million. Zoning of R7-1 with an air right also affords the new owner the opportunity to build up to a total of 18 units on this property. Net Operating income is $93, 085 yearly, tax is $3, 615 (very low), total operating expenses including taxes is $13, 115 and the cap rate is 9.40%. Projected Net Operating Income is $139, 400 with total Operating Expenses including taxes at $16, 000. Cap rate will be 14%. Let's deal!!

See more

Townhouse Active

Price

$ 990,000

Bedrooms

9

Full Bath

4

Property Type

Townhouse

Taxes

$ 3,615

Style

Contemporary

Lot Size

0.06 Acre(s)

Year Built

1920

Town/City

Bronx

County/Region

Bronx

MLS | Web ID

H6079315

Features
Interior
Basement Full Basement Unfinished Walk-Out
Flooring Hardwood Floors
Heating Source Natural Gas
Heating System Baseboard Hot Water Heater: Gas
Interior Granite Countertops
Room Features Eat-in Kitchen
Sewer Public Sewer
Water Source Public Water
See more
Exterior
Construction Brick
Fence Fenced
Garage Other
Lot Description Easement(s)
Parking 2 Car Parking Driveway
Road Frontage Public Maintained Road
See more
Miscellaneous
Location Near Public Transportation
See more
Rental
Tenant Pays Electric Gas
See more
* Excluded Features
List By
Danny B. Agboh

Listing Agent

Charles Rutenberg Realty, Inc.

Broker

Affordability Calculator

$4,409
Per Month
93%
7%
0%
Monthly Principal & Interest
$4,107
Monthly Property Taxes
$301
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 2.875% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

Get Pre-qualified

Take the first step. It's fast and easy.

Learn More about getting pre-qualified

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

Map


See all

1650 Montgomery Avenue, Bronx, NY, 10453 is a Townhouse for sale at $990,000 with 3,312 sqft and a lot size of 0.06 Acre(s). 1650 Montgomery Avenue has 9 bedrooms, 4.0 baths, and was built in 1920. The property's zip code is 10453 which is in Bronx, NY