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Eric Hotaling
erichotaling@kw.com$ 3,000,000
Est. payment | /mo
4,795 Sqft Lot
$ 3,000,000
Est. payment | /mo
4,795 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1007169
Rental Info No
Year Built 2012
Annual Tax Amount $6,907
Lot Size 4,795 Sqft
Acres 0.1101
Property Sub-Type Multi Family
Source onekey2
Property Description
A 20-unit, two-building multifamily investment located in the Allerton / Williamsbridge section of the Bronx. Originally constructed in 2012, the side-by-side properties operate as a single asset with a stabilized voucher-backed tenant base and benefit from a 421-a 25-Year No Cap tax exemption that materially reduces operating expenses through the remainder of the abatement period. At the asking price of $3,000,000, the offering represents a 7.66% in-place cap rate on $229,804 of NOI, with stabilized voucher rent collections and modern
construction reducing both vacancy and capital expenditure risk. 3.75% assumable debt in place.
construction reducing both vacancy and capital expenditure risk. 3.75% assumable debt in place.
Location
State NY
County Bronx County
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Driveway
Utilities Available Cable Available
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Contact Agent
School District Contact Agent
Others
Special Listing Condition None
Listed by Distinguished Realty Services • Francis J. Morris