629 Faile Street

Hunts Point, Bronx, NY 10474

$5,250,000
Price
16
Beds
16
Baths
12,172 Sq. Ft.
$431 / Sq. Ft.
12,172
Sq. Ft.
$431
per Sq. Ft.

Description

Currently under construction, this side by side development offers the investor the flexibility to purchase one or both buildings. Each building is a mirror of the other, with six 1-bedrooms, and 2 studios. 1-bedrooms range in size from 598-790 SF, and studios range in size from 352-375 SF. 3 units from each building will be restricted to 120% AMI* of the area (moderate income), which allows the building to run tax free for 35 years.
Annual Net Income is roughly $260,000+, giving the properties a
...

Amenities

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Location

Listing Agents

Building Information for 629 Faile Street

Stories4Residences16Year Built2020Building Size-Lot Size-Building Age-Building Type-

Payment Calculator

$18,883 per month

30 year fixed, 3.51% Interest

Principal and Interest

$18,883

Property Taxes

$0

HOA Dues

$0

Property History for 629 Faile Street

DateEvent & SourcePriceAppreciation
Feb 5, 2020

Listed (Active)

Manual #55388dc52fabf6db623c8bfe142db3109435ee9b

$5,250,000
DateEvent & SourcePrice
02/05/2020

Listed (Active)

Manual #55388dc52fabf6db623c8bfe142db3109435ee9b

$5,250,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 629 Faile Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Ps 48 Joseph R DrakePublicPK-50.1 mi
2
The Hunts Point SchoolPublic6-80.2 mi
2
St Ignatius SchoolPrivate6-80.2 mi
NR
St. Athanasius SchoolPrivatePK-80.5 mi
NR

Ps 48 Joseph R Drake

PK-5, 0.1 mi, Public

2

The Hunts Point School

6-8, 0.2 mi, Public

2

St Ignatius School

6-8, 0.2 mi, Private

NR

St. Athanasius School

PK-8, 0.5 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Property Details for 629 Faile Street

StatusActive
Total Rooms28.0
Year Built2020
DOM62
Compass TypeMulti Family
MLS Type-
Lot Size-
Taxes-
Maintenance-
Minimum Down Payment-
CountyBronx County

Listing Agent

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629 Faile Street is a multi-family home for sale in Hunts Point, Bronx, NY 10474. This property was listed for sale on February 5, 2020 by Compass at $5,250,000. Nearby schools include Renaissance High School for Musical Theater and Technology, Felisa Rincon De Gautier Institute for Law and Public Policy and Boys Prep Bronx Elementary School. 629 Faile Street is a 16-bed, 16-bath, 12,172 sqft multi-family home built in 2020.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY