1855 Grand Concourse APT 6, Bronx, NY, 10453 | $142/mo Cash Flow

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1855 Grand Concourse APT 6, Bronx, NY, 10453 | $142/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Bronx at 1855 Grand Concourse APT 6, Bronx, NY, 10453 earns $142/mo cash flow from $1,204/mo rent with a $778/mo payment. Total monthly income totals $1,204/mo, and annual cash flow totals $1,709/yr on $52,709 capital. ROI tracks 23.15% on current figures, and rental yield reads 9.09% at a $159,000 purchase. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 over five years. Five-year ROI reaches 120.94% and total cumulative return in cash sums $63,744. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,204/mo property income instead of your personal income.

Condo

Built in 1936

N/A lot

$N/A/sqft

No HOA

More details about the property

1855 GRAND CONCOURSE Apt. #6 - SPONSOR UNIT (NO BOARD APPROVAL) Pre-war 1 BED/1 BA gem in a fabulous Art Deco elevator apartment building featuring a distinctive, cream-colored brick zigzagged facade attributed to architect Thomas Dunn ca. 1936 (whose earlier work includes Thomas Aquinas Church on Crotona Parkway ca. 1924.) 6 story, 44 unit co-operative. High Lobby-level unit (3 steps up from Main Lobby) features an Entry Hall/Dining Foyer, sunken Living Room, renovated windowed Kitchen & windowed Hall Bath, Master Bedroom. Well-proportioned rooms w/original Art Deco details: high ceilings, herringbone parquet floors & plaster cove moldings & north exposure onto Mount Hope Place. Resident Sup't. & common laundry. Just 3 Super-XP stops to 59 St/Columbus Circle via IND Subway makes it faster to midtown NYC than from the Yankee Stadium area/Historic District! Low $871.26 Maint. B/4 STAR. Join the emerging renaissance of the legendary "Avenue des Champs-Elysees" of The Bronx. Subletting allowed after 2 years residency w/ BoD approval. No dogs/No investors please.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10453, Bronx, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	28,935 (100%)
Owner Occupied HU	1,179 ( 4.1%)
Renter Occupied HU	26,559 (91.8%)
Vacant Housing Units	1,197 ( 4.1%)
Median Home Value	$735,475
Average Home Value	$817,362