1050 Lowell St

NOTE THAT THE LISTING PRICE IS NEGOTIABLE, AND OFFERS ARE WELCOME. OWNER WILL ACCEPT THE HIGHEST AND BEST QUALIFIED OFFER. OFFERS ARE BEING ACCEPTED FOR THE LONG-TERM NNN LEASE OF THIS 5-story, 10,950 square foot, 11-family walkup apartment building in the Longwood section of the Bronx. Comprised of 7 free-market, and 4 stabilized, 3-bedroom apartments, plus a super's unit, the property has a potential rent roll of over $341,000 per year. It is ideal for an organization to house tenants with housing vouchers, provide supportive housing, or an investor who wants to benefit from the building's income without having to carry a mortgage. A few minutes to the 2 and 5 Subways, bus stops, highways, supermarkets and shopping.