Presenting 915 Eagle Ave, a rare opportunity to acquire a fully stabilized, 10 unit multi family property in the heart of the Bronx.
| Website: | https://www.nestseekers.com/5274688 |
|---|---|
| Address: | New York, NY 10456 |
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Lot Size: | 0.1 Acres |
Financials
Description
Presenting 915 Eagle Ave, a rare opportunity to acquire a fully stabilized, 10-unit multi-family property in the heart of the Bronx. Built in 2018, this newer construction building offers immediate cash flow with 100% occupancy and a strong NOI at $190K - yielding a 7.6% cap rate. Property features 4 studio units, 5 one-bedroom/one-bathroom units, and 1 two-bedroom/two-bathroom unit totaling 6,762 SF. All units feature hardwood floors and full kitchens, appealing to a broad tenant base with consistent rental demand. Additional benefits include a 35-year 421-a Real Estate Tax Abatement, providing significant tax savings and enhancing investment returns. Perfect for 1031 exchange investors seeking turnkey, cash-flowing assets with tax advantages. Rare find in today's market.
Amenities
- Electricity Available
- Natural Gas Available
|
505 Park Ave, New York, NY 10022
Phone: +1 212-252-8772
Fax: +1 212-252-9347
|
|
| Listing Courtesy of Voro LLC | |