388 East 154th Street
Melrose • Bronx, NY 10455
Asking Price: $499,000
Size: 2,076 ft²
Great investment opportunity. 22' wide 2-family in the desirable Melrose neighborhood of the Bronx. 3-bedroom over a 2-bedroom plus basement with high ceilings. The building is habitable but will need renovation. Just a 5-minute walk to the 2 and 5 trains at 149th street, minutes to Manhattan.
The building will be sold with existing tenants in place for both units. The total rent roll is approximately $2,600/month with leases for both units expiring September 2019. Tenants are paying below market rent.
Building dimensions: 22 ft x 40 ft
Lot size: 25 ft × 100 ft
Building class: Two Family Frame (B2)
Residential FAR: 2.43
Facility FAR: 4.8
FAR as built: 0.83
Allowed usable floor area: 6,075 ft²
Usable floor area as built: 2,075 ft²
Unused FAR: 4,000 ft²