6255 Broadway, Bronx, NY 10471

-- beds-- baths25,000 sqft

Off Market
Zestimate®: None

This home is not currently listed for sale or rent on Zillow.

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My Notes

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Webb Developement Services is please to present 6255 Broadway, a 51-unit, elevator apartment building fronting Van Cortlandt Park and occupying the entire block between W. 252nd St. and Lakeview Ave. in prestigious Fieldston/Riverdale.
This immaculate property has been owned by the same family for over 36 years and has no HPD or DOB violations whatsoever. Surrounded by trees, lawns, and small adjacent buildings, the property provides a great feeling of light and space, unique for the Bronx.
The units are large, bright and contain real half-room foyers. The unit mix is 11 studios, 18 one-bedrooms, 18 two-bedrooms and 4 three-bedrooms (the C-line units have 2 bathrooms). The property also features a secured garage that can hold 12 cars. The gross annual revenue is $714k with an additional $35k derived annually from the laundry and garage. Average monthly rents are only $1,191 per month (approximately 25% below local comps). There are 20,000 SF of available air rights.
Transportation options abound - the BL1, BL2, BL3, and 9 buses run along Broadway providing access to the MTA #1 train at 242nd Street and there is easy access to the Henry Hudson, Major Deegan, and Mosholu Parkway.
Savvy investors will recognize the upside rental/conversion potential of this uniquely located building.
Overview
Building Type: Apartment Buildings

Block/Lot: 5834/3001

Lot Dimensions: 200' x 150'

Lot Sq Ft: 25,000

Available Air Rights: 19,600

Unit Dimensions: 124' x 79'

Unit Sq Ft: 55,400

Stories: 6

Units: 51

Residential Units: 51

Zoning: R6

FAR: 2.43

Expenses
Total Annual Expenses: $333,334
Investment Information
Gross Monthly Income: $62,442
Gross Annual Income: $749,304
Less Total Expenses: $333,334
Net Operating Income: $394,535
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Facts

  • Apartment
  • Views: 402 all time views

    Other

    • Floor size: 25,000 sqft
    • Zillow Home ID: 2115835405

    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $1,398/mo
    +$5 Last 30 days
    $1.1K
    $2.0K
    Zestimate range

    Popularity on Zillow

    402 all-time views
    of this home (chart)

    Comparable Homes

    Homes like this sold for $3-525K.

    $0K
    $530K

    Mortgages

    Neighborhood

    Market guide

    Zillow predicts 10471 home values will increase 0.9% next year, compared to a 2% increase for New York as a whole.

    Foreclosures will be a factor impacting home values in the next several years. In 10471, the number of foreclosures waiting to be sold is 12.5% higher than in New York, and 91.4% less than the national average. This higher local number may prevent 10471 home values from rising as quickly as other regions in New York.

    Learn more about forecast calculations or 10471 home values.
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      For Sale

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      Rentals

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      Other Units in this Building (4)ZestimateBedsBathsSqft
      Apt B7$97KStudio1600
      Apt B2$85KStudio1425
      Apt B9$194K11800
      Apt B12$106K11650

      Nearby Schools in New York

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org