Listing photoBronx, NY 10457 · MLS 1019345
"The property sustained some fire damage from the house next door."
2164 Crotona Avenue is a 5-bedroom, 1-bath home in Bronx, New York listed at $1,149,750 with 2,275 square feet, built in 1910. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with 1 to 2 completed projects and a 740 score puts 10% down ($114,975), we fund the $250,250 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. See every hard money opportunity in New York or our New York hard money lending page.
From the listing. Great development opportunity. Zoning R7-1 allowing FAR of 4 (or 5 with UAP). The multi-family structure can accommodate up to 13 apartments (17 with UAP) and currently contains two 5-bedroom units, one 4-bedroom unit, and a full basement. The property sustained some fire damage from the house next door affecting siding and roof, with portions stripped of sheetrock and kitchens damaged by water. The home will be delivered fully vacant and sold as is.
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Pre-screen | |
| Buyer down payment | $114,975 (10%) | |
| Loan at closing | $1,034,775 | |
| Full renovation, rough estimate* | We fund $250,250 | |
| Total loan | $1,285,025 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($19,275) | |
| Appraisal | Required | |
| Estimated monthly interest | $10,441 at full draw | |
| Cash to close, rough estimate | $138,640 | |
Rough estimates at the list price of $1,149,750 for a 740 score and 1 completed project. This is not a commitment to lend.
*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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Cash or hard money only""CASH ONLY" due to the original 1928 bylaws."
Cash or hard money only"CASH ONLY!"
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