REO | 76 Units Multifamily Property
- Lender REO Sale
- 5-story, multifamily walk-up complex in Fordham, Bronx
- 76 residential units
- 63,750 sq ft building on a 21,910 sq ft lot
- 220 ft of frontage along Tiebout Avenue
- Situated near the Fordham Road shopping corridor, the largest retail strip in the Bronx
- Direct subway access at Fordham Road (B & D), with Metro-North service at Fordham Plaza
- Close to Fordham University’s Rose Hill campus, St. Barnabas Hospital, and Montefiore facilities
Property Description
Property tours are available by appointment only. Please contact the listing broker to schedule a tour. 2120 Tiebout Ave, Bronx, NY 10457 presents a compelling value-add multifamily opportunity in the heart of Fordham. This 5-story walk-up apartment building contains 76 residential units across approximately 63,750 square feet and is situated on a 21,910-square-foot lot with 220 feet of frontage along Tiebout Avenue. Built in 1927 and zoned R7-1, the property is currently 84% occupied, offering investors immediate in-place cash flow with upside through lease-up and operational improvements. The asset benefits from its location near Fordham Road, one of the Bronx’s premier retail corridors, and offers direct subway access at Fordham Road (B & D) along with Metro-North service at Fordham Plaza. Surrounded by major demand drivers, the property is close to Fordham University’s Rose Hill campus, St. Barnabas Hospital, and Montefiore facilities. Offered as a Lender REO sale, this is a rare opportunity to acquire scale, strong frontage, and long-term potential in one of the Bronx’s most established multifamily neighborhoods.- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 3% of the Winning Bid Amount
- $10,000 Participation Deposit via Wire Deposit only
- Subject To Seller Approval
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Auction |
| No. of Units: | 76 |
| Year Built: | 1927 |
| Building Size: | 63,750 Sq ft |
| Lot Size: | 21,910.00 Acres |
| No. of Stories: | 5 |
| Opportunity Zone: | No |
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