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$ 6,500,000
Est. payment | /mo
$ 6,500,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Belmont
MLS Listing ID 1001934
Rental Info No
Year Built 2023
Annual Tax Amount $1,789
Property Sub-Type Multi Family
Source onekey2
Property 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.
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.
Location
State NY
County Bronx County
Interior
Heating Electric
Cooling Electric
Fireplace No
Exterior
Parking Features None
Utilities Available Electricity Available
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Bronx 12
School District Bronx 12
Others
Special Listing Condition None
Listed by S10 Realty Group LLC • Lina Shi RENE
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