Fordham Multifamily

For Sale

2650 Marion Ave, Bronx, NY 10458

This Bronx property for sale is located at 2650 Marion Ave. The current listed sale price for Fordham Multifamily is $28,000,000. Fordham Multifamily is situated on a lot that is 0.19 acre in size.

Contacts

broker
Brock Emmetsberger

Matthews Real Estate Investment Services

Property Details

  • Property Type Multi-Family
  • Property Size 96,492 SF
  • Units 100
  • Lot Size 0.19 Acre
  • Year Built 1911
  • Date Updated Jan 23, 2025
  • 6 total walk-up buildings, spanning 96,500 gross square feet, with 100 residential units and 311 bedrooms.
  • Densely positioned within 1 block of one another, simplifying management and maintenance.
  • 435′ of street frontage with each building having airshafts and carveouts, allowing windows on all four sides.
  • $2,650,000 gross income, averaging $2,200 per unit, with a T12 NOI of $1,900,000.
  • All 6 buildings are perfectly maintained with less than 12 violations per building on average.
  • 3 Buildings benefit from a J51 abatement through 2037-2040, as a result of recent capital improvements.
  • Agency debt is assumable at an average of 4.6% Fixed, with I/O burning off in 2026. Debt model available.
  • Our asking price of $28,000,000 suggests a 14% Cash on Cash, or 9% after principal, come 2026.
  • The buildings have separate loans and can be sold individually or as a package.
  • Large unit layouts and proximity to Fordham make this a potential student housing opportunity. 
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 92/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Bronx, NY
  • Neighborhood Fordham
  • Zip Code 10458
  • Market Bronx

Points of Interest

  • Fordham

    0.21 miles

  • Kingsbridge Road

    0.42 miles

  • Bedford Park Blvd.

    0.54 miles

  • Bedford park Blvd.

    0.56 miles

  • Bedford Park Boulevard

    0.62 miles

  • 182-183 Street

    0.81 miles

  • Norwood–205th Street

    0.93 miles

  • Mosholu Parkway

    1.09 miles

  • Marble Hill–225th Street

    1.24 miles

  • Tremont

    1.32 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Brock Emmetsberger

Matthews Real Estate Investment Services

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.