1110 Lydig Ave, Bronx, NY, 10461 | $5,000,000

**Property Highlights: ** - **Ideal Configuration: ** Featuring 14 spacious one-bedroom units and 1 generous two-bedroom unit, this building caters to diverse rental demographics, ensuring steady income potential for investors. - **Parking Convenience: ** Enhance tenant satisfaction with the convenience of a large parking garage capable of accommodating 17 cars. This sought-after amenity adds significant value to the property and sets it apart from others in the area. - **Quality Construction: ** Constructed with durable hard brick, this building exudes timeless appeal and requires minimal maintenance. Each unit boasts hardwood floors, adding a touch of elegance and warmth to the living spaces. - **Spacious Units: ** Enjoy generous living spaces ranging from 650 to 700 square feet in each one-bedroom unit, providing residents with ample room to relax and entertain. - **Desirable Location: ** Nestled in a thriving neighborhood of the Bronx, residents benefit from easy access to local amenities, including shops, restaurants, parks, and public transportation options. Experience the vibrancy and charm of Bronx living at its finest. **Investment Potential: ** - **Stable Income Stream: ** With a mix of well-appointed units and convenient parking facilities, this property offers investors a reliable source of rental income with potential for future appreciation. - **Opportunity for Expansion: ** Explore opportunities to enhance the property's value through strategic upgrades or the addition of amenities, maximizing its appeal to tenants and investors alike. **Don't miss out on this rare chance to acquire a prime income-generating property in one of the Bronx's most desirable neighborhoods. Schedule a viewing today to secure your investment future!**

Features

  • Property Type: Mixed Use
  • Current Use: Residential
  • Units: 15
  • Zoning: R4A
  • Acreage: 0.23
  • Est. Taxes: $67,000
  • MLS#: 3545059
  • Days on Market: 80 days
  • Website: https://www.raveis.com
    /prop/3545059/1110lydigave_bronx_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of One Realty Global Corp   Phone: 917-679-8288

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1110 Lydig Ave, Bronx, NY, 10461

$5,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $4,000,000 $4,000,000 $4,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.500% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.335% 6.612% 6.433%
Monthly Tax Payment $5,583 $5,583 $5,583
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $23,662 $25,283 $34,297
Total Monthly Payment $29,370 $30,991 $40,005

* 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.