Prime Bronx new construction multifamily investment opportunity. Built in 2022, this 7-story elevator building consists of 18 Rent Stabilized. units and benefits from a 32-year tax abatement. The property offers strong in-place cash flow with approximately 8% CAP RATE and minimal deferred maintenance due to recent construction.
Located in the heart of the Bronx near Bronx Zoo, New York Botanical Garden, Fordham University, and the Fordham Road commercial corridor. Convenient access to public transportation, retail, dining, and major neighborhood amenities.
Property Features
Parking
No Garage
None
Cooling Information
Electric
Heating Information
Electric
Water Features
Public
Utilities
Electricity Available
Listing Courtesy: S10 Realty Group LLC - 646-286-0219