Located directly above Crotona Park is 657 Crotona Park North, a converted building that was simply gut renovated in every capacity. The 29 apartments all consisting of free-market rentals are proportioned as follows: 10 Four-Bedroom Apartments, 1 Three-Bedroom apartments, 17 Two- Bedroom Apartments and 1 One-Bedroom Apartments. Each apartment, lobby, hallway and elevator have been renovated with top tier finishes and quality.
The gross income of the building is $717,600.00 and offers a net of 6.21%.
Building Details as follows:
•Block: 2944 Lot: 5
•Property Characteristics:Lot
Area: 7,143 sq ft (75' x 95.17')
•# of Buildings: 1 Year built: 1923
•Building frontage: 75' (Building frontage along the street measured in feet.)
•# of floors: 6 Building Area: 30,444 sq ft •Total Units: 29 Residential Units: 29
•Primary zoning: R7-1 Commercial Overlay: None
•Floor Area Ratio: 4.26
Max. Allowable Residential FAR: 3.44
Max. Allowable Commercial FAR: 0
Max. Allowable Facility FAR: 4.8