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1321 Purdy Street, Bronx, NY, 10462 | $2,025,000
1321 Purdy Street (MLS #1025742) is an 8-unit NON-rent-stabilised building in the Parkchester/Castle Hill section of the Bronx that can be purchased individually or in conjunction with two adjacent sister properties: 1323 Purdy Street (MLS #1028996) and 1325 Purdy Street (MLS #1029004). The seller is the original owner and builder of the building. There are 7 two-bedroom and 1 one-bedroom units. Each apartment has its own boiler unit. Gas and Electric are separately metered as well, so all tenant utility expenses are paid for by the tenants, with the exception of water. The current annual rent roll is $191, 280 with annual expenses of $72, 044, creating a 2025 net operating income of $119, 236. The property has a high majority of cash, on time paying tenants. Units are in above-average condition. A further breakdown of revenue, expenses, and layouts is available. The property is conveniently located a short distance to the Castle Hill #6 subway line, making it perfect for Manhattan commuters. Please note that the photos posted are from the three adjacent properties for sale: 1321, 1323, and 1325 Purdy. Full video available as well.
Features
- Property Type: Multi Family
- Construction: Brick
- Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
- Parking: On Street
- Levels: 4
- Heating: Baseboard
- Cooling: Wall/Window Unit(s)
- Units: 8
- Year Built: 2004
- Acreage: 0.07
- Est. Taxes: $42,734
- Lot Desc: Back Yard, Near Public Transit
- View: Neighborhood, Park/Greenbelt, Trees/Woods
- Elem. School: Ps 106 Parkchester
- Middle School: Jhs 127 Castle Hill (The)
- High School: Contact Agent
- School District: Contact Agent
- MLS#: 1025742
- Days on Market: 7 days
- Website: https://www.raveis.com
/prop/1025742/1321purdystreet_bronx_ny?source=qrflyer
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888.699.8876
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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1321 Purdy Street, Bronx, NY, 10462
$2,025,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
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 | $1,620,000 | $1,620,000 | $1,620,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $3,561 | $3,561 | $3,561 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,198 | $9,975 | $13,670 |
| Total Monthly Payment | $12,884 | $13,661 | $17,356 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535