Prime Bronx new construction multifamily investment opportunity.


Property

Website: https://www.nestseekers.com/5490603
Address:
New York, NY 10460
Ownership: For Sale
Type: Multi-Family

Financials

Price:$6,500,000
Annual Taxes:$1,789

Description

Prime Bronx new construction multifamily investment opportunity. Built in 2022, this 7-story elevator building consists of 18 Rent Stabilized. units and benefits from a 32-year tax abatement. The property offers strong in-place cash flow with approximately 8% CAP RATE and minimal deferred maintenance due to recent construction. Located in the heart of the Bronx near Bronx Zoo, New York Botanical Garden, Fordham University, and the Fordham Road commercial corridor. Convenient access to public transportation, retail, dining, and major neighborhood amenities.

Amenities

  • Electricity Available

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of S10 Realty Group LLC