Prime Little Italy 32-Unit Value-Add Portfolio

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2376 Hoffman St, Bronx, NY 10458, USA
2378 Hoffman St, Bronx, NY 10458, USA
2384 Hoffman St, Bronx, NY 10458, USA
2386 Hoffman St, Bronx, NY 10458, USA
Apartment Buildings
Created date: November 4, 2025
Date last updated: April 16, 2026

• Rare opportunity to acquire a four-building package totaling 32 units in prime Belmont
• Portfolio wide 421a tax benefit in place, significantly reducing the effective tax burden
• Unit mix comprised of six (6) one-bedroom apartments and twenty-six (26) two-bedroom apartments
• Individually equipped with in-unit PTAC heating & cooling systems and dedicated hot water heaters for enhanced tenant comfort and reduced building-wide maintenance
• Concentrated scale allowing for seamless management efficiencies
• Located steps from Fordham University and Belmont’s Little Italy corridor, ensuring consistent rental demand
• Located just 1 block from the famous Arthur Avenue, offering immediate access to popular eateries in the heart of The Bronx’s Little Italy, including the Arthur Avenue Retail Market which offers a variety of grocery stores, restaurants, and cafés.
• Excellent access to transportation with nearby 4, B & D subway lines and the Metro-North Fordham Station, providing direct connectivity to Manhattan and the outer boroughs

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Due Digilence Documents

Due Diligence Documents

Broker Details

Ariel Property Advisors
Ariel Property Advisors

Ariel Property Advisors (212) 544-9500

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Portfolio Key Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $ 5,200,000
No. of Units: 32
Cap Rate: 12.94%
GRM /GIM: 5.42
Building Size: 32,752 Sq ft
Opportunity Zone: No
Price per unit: $162,500
Address: 2376 Hoffman St, Bronx, NY 10458, USA
Address: 2378 Hoffman St, Bronx, NY 10458, USA
Address: 2384 Hoffman St, Bronx, NY 10458, USA
Address: 2386 Hoffman St, Bronx, NY 10458, USA

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