Contacts
Daniel Mahfar
Ariel Property Advisors
Jason M. Gold
Ariel Property Advisors
Paul Monaco
Ariel Property Advisors
Gabriel Elyaszadeh
Ariel Property Advisors
Property Details
- Property Type Multi-Family
- Property Size 15,224 SF
- Units 18
- Lot Size 5,000 SF
- Cap Rate % 8.6
- Zoning R7-1
- Additional Rent Contact for pricing
- # of Floors 4
- Year Built 2016
- Date Updated Aug 22, 2024
Two (2) multifamily properties constructed in 2016 located in the Morris Heights section of the Bronx.
Two (2), 4-story, 9-unit walk-up buildings totaling 15,224 SF.
Each building enjoys free market status, containing nine (9) one-bedroom units.
2B tax classification, offering protection from future tax increases.
Potential upside upon lease turnover with new subsidy payment standards totaling $2,584 for one-bedroom apartments with tenants paying for gas & electric.
Existing Loan of $3,829,000 at a 3.79% interest rate. Maturity Date in 2030.
Enjoys easy access to transportation, being a quick walk away from the 4 subway line at Mount Eden Ave Station.
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Attachments
Getting around
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Location
- City The Bronx, NY
- Neighborhood Morris Heights
- Zip Code 10453
- Market Bronx
Points of Interest
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Morris Heights
0.36 miles
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Mount Eden Avenue
0.47 miles
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174th–175th Streets
0.61 miles
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181st St (A)
0.85 miles
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181st St (A) upper level
0.89 miles
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190th St (A) lower level
0.91 miles
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190th St (A)
0.96 miles
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Saint Nicholas Avenue & 168th Street at Southeast Corner
1.11 miles
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Tremont
1.13 miles
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182-183 Street
1.16 miles
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Mobil
0.25 miles
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Sunoco
0.43 miles
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Exxon
0.77 miles
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Shell
0.95 miles
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Lukoil
1.10 miles
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BP
1.21 miles
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Citgo
1.24 miles
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Tesla Supercharger
4.93 miles
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ChargePoint
5.14 miles
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FLO
5.19 miles
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SP+
1.22 miles
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Gerard Avenue Lot
1.24 miles
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164th Street Garage
1.28 miles
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Edison Parkfast #136
1.29 miles
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River Avenue Garage
1.37 miles
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Jerome – 190th Street Municipal Parking Garage
1.47 miles
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NYPD Bronx Tow Pound
1.50 miles
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Rupert Plaza Garage
1.51 miles
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Commuter Parking
1.62 miles
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Harlem River North Lot
1.63 miles
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Hotel Moca
0.53 miles
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Radio Hotel
0.56 miles
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Best Western Plus
1.32 miles
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St Nicholas Hotel
1.66 miles
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Saint Nicholas Inn
1.68 miles
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Umbrella Hotel
2.11 miles
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Bronx Park Motel
2.11 miles
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Super 8
2.13 miles
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Hotel
2.15 miles
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Holiday Inn Express
2.20 miles
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Extra Jumbo by Antillana
0.61 miles
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Fine Fare
0.62 miles
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Target
0.68 miles
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Key Food
0.76 miles
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Compare Foods
0.76 miles
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Bravo
0.79 miles
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Tejada Grocery
0.81 miles
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Marshalls
0.86 miles
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Smile Deli
0.89 miles
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Ozzie's Fresh Market
0.91 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.