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576 Southern Blvd, Bronx, NY, 10455

--beds
0baths
0sqft
$2,400,000
--price/sqft
$15,019/moest. monthly cost
$600,760/yrincome needed

About This Home

REO- PRIME INVESTMENT PROPERTY- INTRODUCING 576 SOUTHERN BLVD. BRONX, NY, A RARE OPPORTUNITY TO ACQUIRE A SOLID INCOME PRODUCING ASSET. 5 STORIES AND 21 UNIT/ 2 STORE FRONT RENT- STABALIZED BUILDING OFFERS CONSISTENT CASH FLOW AND LONG TERM UPSIDE IN ONE OF NEW YORK CITY'S MOST STABLE RENTAL MARKETS WITH A 7.61 CAP RATE. BUILDING IS LOCATED NEAR ALL PUBLIC TRANSPORTATION, SCHOOLS, SHOPPING, AND ALL OTHER LOCAL AMENITIES. DO NOT MISS THIS CHANCE TO OWN A STABLE, CASH FLOWING ASSET IN ONE OF THE BRONX'S MOST PROMISING CORRIDORS. CONTACT US TODAY FOR ALL FINANCIALS, RENT ROLLS, OR TO SCHEDULE A VIEWING! OWNER FINANCING! A MUST SEE!

Getting Around

89
WalkingVery Walkable
0
TransitVery Limited Transit
71
BikeVery Bikeable

Schools

5/10
Ps 62 Inocensio CasanovaGrades PK-50.2 mi
4/10
Ms 302 Luisa Dessus CruzGrades 6-80.2 mi
3/10

Construction

Materials

  • Construction materials: Brick Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Features

  • Finished area above ground: 0

Heating

  • Heating features: Has Heating (Unspecified Type)

Interior Area

  • Total structure area: 0

Property

Details

  • Lease amount: 0
  • Special condition: Real Estate Owned

Features

  • Stories: 5
  • Frontage length: 0

Lot

  • Features: Near Bus,Near Train

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in Bronx County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $12,135$145,620
Home Insurance *$1,078$12,936
Property Taxes $1,560$18,720
Electricity $246$2,954
Total$15,019$180,228
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$514,937/yr
40% on housing$450,570/yr
45% on housing$400,506/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 3.3%
3.3%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 10455$395
Bronx County$398

vs Homes Sold Last Month

Median $/sqft

ZIP 10455$428
Bronx County$409

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

No price history available

Unknown Listed By

AgentDamien Coleman
BrokerageDAC PROPERTIES CORP

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