2758 Cruger Avenue

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Address: 2758 Cruger Avenue, Bronx, New York, US
Created date: December 4, 2023
Date last updated: February 5, 2024

Investment Highlights

• Located on the north side of Cruger Avenue between Arnow Avenue & Allerton Avenue
• Comprised of 53 units, split up into fourty-seven (47) one-bedrooms, five (5) two-bedrooms, and one (1) 3-bedroom
• 6-story walk up building with 100’ of frontage and approximately 48,800 gross square feet
• Situated in a desirable location throughout the Bronx, surrounded by a plethora of neighborhood attractions such as the New York Botanical Garden & the Bronx Zoo
• Heating system was converted to duel-fuel boiler with new burner and water tanks in 2015/2016, new boiler was installed in 2023
• Professional management company maintained the property in excellent condition
• Close proximity to the 2 & 5 train and conveniently located around a variety of national retail tenants such as Bank of America, CVS, Walgreens, McDonalds, and more
• Priced well below replacement cost and 28% of units operating on preferential rents provide potential upside

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Multifamily type: Apartments | Mid-Rise
Price: $4,700,000
No. of Units: 53
Cap Rate: 5.69%
GRM /GIM: 7.39
Building Size: 48,800 Sq ft
No. of Stories: 6
Opportunity Zone: No
Price per unit: $88,679
Address: 2758 Cruger Avenue, Bronx, New York, US

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