220 Miriam
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220 Miriam
54 Unit Apartment Building $4,550,000 ($84,259/Unit) 5.40% Cap Rate Bronx, NY 10458
Executive Summary
New York Multifamily is pleased to offer the following opportunity in the highly sought-after Bedford Park neighborhood of the Bronx. 220 Miriam Street is a 52-unit walk-up composed of 20 one-bedroom, 23
two-bedroom, 8 three-bedroom, and 1 four-bedroom apartments. Situated on the corner of Valentine Avenue and Miriam Street, this building encompasses 54,200 square feet and offers 105’ of frontage. Additionally, this asset has been proudly owned and operated
by the same family for over 35 years. Conveniently located, 220 Miriam Street is steps away from Fordham University, Lehman College, St. James Park, and the Kingsbridge Road train station.
• The Building: 52-unit walk-up composed of 20 one-bedroom, 23 two-bedroom, 8 three-bedroom, and 1 four-bedroom apartments.
• Low Basis: $87,500 per unit / $84 per square foot
• The Metrics: Asking 6.5x GRM or 6.0% cap rate from day one on the offering price
• Convenient Location: 220 Miriam Street benefits from proximity to major institutions and amenities, including Fordham University, Lehman College, St. James Park, and the Kingsbridge Road train station.
two-bedroom, 8 three-bedroom, and 1 four-bedroom apartments. Situated on the corner of Valentine Avenue and Miriam Street, this building encompasses 54,200 square feet and offers 105’ of frontage. Additionally, this asset has been proudly owned and operated
by the same family for over 35 years. Conveniently located, 220 Miriam Street is steps away from Fordham University, Lehman College, St. James Park, and the Kingsbridge Road train station.
• The Building: 52-unit walk-up composed of 20 one-bedroom, 23 two-bedroom, 8 three-bedroom, and 1 four-bedroom apartments.
• Low Basis: $87,500 per unit / $84 per square foot
• The Metrics: Asking 6.5x GRM or 6.0% cap rate from day one on the offering price
• Convenient Location: 220 Miriam Street benefits from proximity to major institutions and amenities, including Fordham University, Lehman College, St. James Park, and the Kingsbridge Road train station.
Property Facts
| Price | $4,550,000 | Property Subtype | Apartment |
| Price Per Unit | $84,259 | Apartment Style | Mid Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.40% | Lot Size | 0.30 AC |
| Gross Rent Multiplier | 6.5 | Building Size | 54,200 SF |
| No. Units | 54 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1923 |
| Price | $4,550,000 |
| Price Per Unit | $84,259 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Gross Rent Multiplier | 6.5 |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 54,200 SF |
| No. Stories | 5 |
| Year Built | 1923 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 54 | - | - |
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Walk Score ®
Very Walkable (82)
Transit Score ®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 03304-0185 | Improvements Assessment | $588,510 |
| Land Assessment | $145,800 | Total Assessment | $734,310 |
PROPERTY TAXES
Parcel Number
03304-0185
Land Assessment
$145,800
Improvements Assessment
$588,510
Total Assessment
$734,310
zoning
| Zoning Code | R8 |
| R8 |
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220 Miriam
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