Description

1333 Bristow Street is a well-maintained 3-family building offering strong rental income, low expenses, and major development potential with R7-1 zoning and approx. 7,500 buildable SF . Located on a quiet, tree-lined block near Crotona Park, transportation, schools, and shops.

Property Details

Building Dimensions: 18 × 47
Zoning: R7-1
Estimated Buildable SF: ~7,500
Neighborhood: Crotona Park East, Bronx 10459

Current Rent Roll

• 1st Floor – 2BR: $1,600/month
• 2nd Floor – 2BR: $1,700/month
• 3rd Floor – 2BR (New Renovation): $2,400/month (Proforma)
Total Annual Income: $68,400

Annual Expenses

• Property Tax: $4,433.76
• Repairs: $500
• Insurance: $2,328.06
• Water: $2,777
• Electric: $4,800
Total Annual Expenses: $14,838.82

Financial Summary

Net Operating Income (NOI): $53,561.18
Cap Rate at $800,000 Asking Price: 6.70%

Perfect for investors, 1031 buyers, or future development.
Listing courtesy of Compass