canvas togler

150 East 151st Street

150 East 151st Street
Residential

Size

4,200 sf

Sale price

$1,595,000

Broker

Fred Rufrano

347-390-1127

fred@kalmondolgin.com

  • 150 East 151st Street
  • 150 East 151st Street
  • 150 East 151st Street
  • 150 East 151st Street
  • 150 East 151st Street
  • 150 East 151st Street
  • 150 East 151st Street
  • 150 East 151st Street
  • 150 East 151st Street
  • 150 East 151st Street
  • 150 East 151st Street
  • 150 East 151st Street
  • 150 East 151st Street
  • 150 East 151st Street

Property Description

Kalmon Dolgin Affiliates, Inc. has been retained on an exclusive basis to arrange for the sale of 150 East 151st Street in Bronx, NY. The subject property is a four-story nine year old corner residential with frontage on Walton Avenue and 151st Street. The building includes six 1 bedroom apartments. The property offers short and long term upside in both rents and condo conversion. The property will be totally destabilized June 2026.

The property is located in a diverse and growing pocket of the Bronx. Within walking distance there are several notable schools like Hostos College, Boys Prep Charter School, Bronx Leadership Academy and Cardinal Hayes High School. It’s also within walking distance to Yankee Stadium, the Bronx Supreme Court and Lincoln Medical Center. Further, the property is close by to several transportation options including the 2, 4, 5, B & D subway lines.

 

Property Highlights

  • New Fireproof Construction 2010 (only nine years old and “Built Right”)
  • Six one bedroom residential apartments
  • Approximately 4,200 gross square feet
  • Close proximity to public transportation

 

Property Features:

Location:                                          150 East 151st Street corner of Walton Avenue

Block/Lot:                                        2348/15

Lot Dimensions:                              Irregular

Lot Square Footage:                       1,920 SF (approx)

Building Dimensions:                     Irregular

Stories:                                              4

Building Square Footage:              4,200 SF (approx)

Residential Units:                            6

Total Units:                                        6

Gross Residential SF:                     4,200 SF (approx)

Net Square Footage:                      3,600 approx low loss factor

Zoning:                                              R6

Residential FAR:                             2.2

Total Buildable SF:                         4, 200 SF (approx)

Minus Existing Structure:             4,200 SF (approx)

Available Air Rights:                      Built Full

Assessment (18/19):                      $239,345

Taxes (18/19):                                 $617 yearly (tax abatement in place until 2025)

 

Income and Expense Summary

Gross Annual Income:                 $113,127.84

Expenses:                                       $ 14,517.00

Net Operating Income:                $98,610.84

 

Price Per Square Foot:                 $380

Price Per Unit:                               $265,833

Capitalization Rate:                       6.18%

Gross Rent Multiple:                      14.09X