6x Properties for sale
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6x Properties for sale
6 Multifamily Properties Offered at $5,250,000 in Bronx, NY
Investment Highlights
- PORTFOLIO SALE
- FULLY BRICK
- FANTASTIC CAP RATE
- 2006 CONSTRUCTION !
- FULLY INDIVIDUALIZED UTILITIES
Executive Summary
A rare investment opportunity to acquire six three-story young construction brick buildings, all located on the same block spanning Grace Avenue and Arnow Avenue in the Bronx. Each property is a legal two-family residence and fully occupied by program tenants with high, reliable rents. The buildings feature solid brick construction and large, full floor layouts, that consist of 3 bedrooms and 2 bathrooms each; making management and maintenance efficient.
This portfolio offers significant upside potential. The ground floors are fully built out, presenting a possible unique opportunity to convert the properties to three-family residences under the newly passed "City of Yes" zoning reforms, which encourage increased density. This potential expansion could significantly enhance rental income and long-term value.
Located in a high-demand (Baychester / throngs neck) area of the Bronx, and moments away from Baychester plaza these properties benefit from proximity to public transportation, schools, and shopping. With a stable income stream and the flexibility for future development, this portfolio is ideal for investors seeking both immediate returns and long-term growth.
the current cap rate sits at 8.47 CAP
and projected CAP rate of 11.77% !!
This portfolio offers significant upside potential. The ground floors are fully built out, presenting a possible unique opportunity to convert the properties to three-family residences under the newly passed "City of Yes" zoning reforms, which encourage increased density. This potential expansion could significantly enhance rental income and long-term value.
Located in a high-demand (Baychester / throngs neck) area of the Bronx, and moments away from Baychester plaza these properties benefit from proximity to public transportation, schools, and shopping. With a stable income stream and the flexibility for future development, this portfolio is ideal for investors seeking both immediate returns and long-term growth.
the current cap rate sits at 8.47 CAP
and projected CAP rate of 11.77% !!
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual |
---|---|
Gross Rental Income | $99,999 |
Other Income | - |
Vacancy Loss | - |
Effective Gross Income | $99,999 |
Taxes | $99,999 |
Operating Expenses | $99,999 |
Total Expenses | $99,999 |
Net Operating Income | $99,999 |
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Other Income | |
---|---|
Annual | - |
Vacancy Loss | |
---|---|
Annual | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Taxes | |
---|---|
Annual | $99,999 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Total Expenses | |
---|---|
Annual | $99,999 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Property Facts
Price | $5,250,000 | Status | Active |
Price / SF | $153.37 / SF | Number of Properties | 6 |
Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
Cap Rate | 8.47% | Total Building Size | 34,230 SF |
Sale Type | Investment | Total Land Area | 0.23 AC |
Price | $5,250,000 |
Price / SF | $153.37 / SF |
Sale Conditions | Bulk/Portfolio Sale |
Cap Rate | 8.47% |
Sale Type | Investment |
Status | Active |
Number of Properties | 6 |
Individually For Sale | 0 |
Total Building Size | 34,230 SF |
Total Land Area | 0.23 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
2871 Grace Ave, Bronx, NY 10469 | Multifamily | 3,120 SF | 2006 | - |
2881 Grace Ave, Bronx, NY 10469 | Multifamily | 3,120 SF | 2006 | - |
2891 Grace Ave, Bronx, NY 10469 | Multifamily | 3,120 SF | 2006 | - |
2885 Grace Ave, Bronx, NY 10469 | Multifamily | 3,120 SF | 2006 | - |
1906 Arnow Ave, Bronx, NY 10469 | Multifamily | 3,120 SF | 2006 | - |
2865 Grace Ave, Bronx, NY 10469 | Multifamily | 18,630 SF | 2006 | - |
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