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Solid LEGAL 4-FAMILY Brick Property with Finished BASEMENT – Exceptional Investment Opportunity Don't miss this rare opportunity to own a fully brick, legal 4-family property in a highly desirable area of the Bronx. Located at 2131 Bruckner Blvd, this income-producing property offers approximately 3, 403 square feet of living space, PLUS A FINISHED BASEMENT FEATURING A 3-BEDROOM RENTAL UNIT. With paying tenants already in place and one 2-bedroom apartment being delivered vacant, this property presents an outstanding opportunity for both investors and owner-occupants. The building consists of: • Four spacious 2-bedroom apartments • Finished 3-bedroom basement unit with kitchenette and bathroom • Five electric meters • Fully brick construction • Building dimensions: 20. 5' x 83' • Approximately 3, 403 square feet, plus finished basement • Well-maintained and updated condition • Strong Income One of the 2-bedroom apartments will be delivered vacant, offering immediate rental potential. Based on current market conditions, the vacant unit is estimated to rent for approximately $2, 750 per month. With strong rental demand in the area, the property has the potential to generate more than $10, 800 in monthly rental income. 2131 Bruckner Blvd is conveniently situated just off the Bruckner Expressway and near the Cross Bronx Expressway, this property offers excellent accessibility and transportation options. Residents enjoy easy access to: The 6 train, Multiple local bus routes, Castle Hill Ave, White Plains Road, Schools, Shopping centers, Restaurants and cafés, Parks and recreational amenities Whether you're seeking a high-performing investment property or a primary residence with substantial rental income, this versatile multi-family home offers exceptional value and long-term potential. Schedule your private showing today—opportunities like this are hard to find.
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Our Executive Mortgage Banker:
$1,325,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,060,000 | $1,060,000 | $1,060,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $1,360 | $1,360 | $1,360 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,019 | $6,355 | $8,945 |
| Total Monthly Payment | $7,504 | $7,840 | $10,430 |
* 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.