Welcome home to 1020 E. 213th Street, Bronx, NY 10469 Well-maintained multifamily property offering immediate stability and long-term upside in a desirable Bronx residential corridor. This building stands out with major capital improvements already completed, reducing near-term maintenance concerns and enhancing cash flow predictability. Key highlights include a brand-new roof (3 years old), providing peace of mind and protection for decades to come. The property also features a recently replaced hot water tank (3 years old) and a new boiler (1 year old)—significantly lowering operating risk and upfront capital expenditures for the next owner. The home also boasts a fully finished basement with walk-out access to a private backyard, adding valuable usable space and flexibility for recreation, storage, or potential additional living area (subject to local regulations). Conveniently located near schools, shopping, restaurants, and public transportation, making everyday living easy and accessible. Ideal for both investors and end-users, this asset offers strong rental potential in a consistently in-demand neighborhood. With key systems already updated, the property is well-positioned for efficient management and immediate income generation. A rare opportunity to acquire a Bronx multifamily with essential mechanical upgrades already in place—turnkey readiness with long-term upside potential.
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Our Executive Mortgage Banker:
$950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $760,000 | $760,000 | $760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $487 | $487 | $487 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,256 | $4,618 | $6,362 |
| Total Monthly Payment | $4,834 | $5,196 | $6,940 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.