Longwood Portfolio: Three New Multifamily Bldgs with 421a Tax Abatements

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Address: 764 E 152nd St, Bronx, NY 10455, USA
Address: 1081 Tiffany St, Bronx, NY 10459, USA
Address: 915 Dawson St, Bronx, NY 10459, USA
Created date: March 26, 2024
Date last updated: March 27, 2024

• Three elevator multifamily buildings were constructed between 2018 and 2019
• Each of the properties benefit from a 421a Tax Abatement, expiring between 2056 and 2057
• The portfolio consists of 79 residential units with a mix of studios, one, and two bedrooms as well as 24 parking spots
• Each property is extremely accessible and within 3 blocks of a 2/5 Subway station and multiple bus routes
• Buildings are in close proximity to Southern Blvd. and Westchester Ave Retail Corridors and handful of parks and playgrounds
• The properties each have on-site parking, bike storage rooms, and recreation rooms. 1081 TiffanySt. and 764 East 152nd St. also offer tenants a laundry room.
• Rents in the neighborhood for studios are averaging north of $2,350/month

Portfolio Key Information

Listing Status: Available
Listing Type: Highest & best offer
Price: $ 16,250,000
No. of Units: 79
Building Size: 61690 Sq ft
Opportunity Zone: No
Price per unit: $205,696
Address: 764 E 152nd St, Bronx, NY 10455, USA
Address: 1081 Tiffany St, Bronx, NY 10459, USA
Address: 915 Dawson St, Bronx, NY 10459, USA

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