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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% !!

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
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 -
Show More > < Show Less
  • Listing ID: 34011901

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 6x Properties for sale, Bronx, NY

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