Bronx Co-Op Package
- Majority free market (89%)
- Mark-to-Market Opportunity on FM units
- Near-Term Vacancy & Immediate Ability to Capture Upside Potential
- Renovation-Driven Value Creation
- Attractive Basis Relative to Replacement Cost
- Diversified Unit Mix with Family-Sized Layouts
Property Description
Avison Young, as exclusive agent, is pleased to present the opportunity to acquire a diversified portfolio of bulk cooperative units (the “Portfolio”) across two well-located Bronx properties: 2830 Briggs Avenue and 3000 Valentine Avenue. The Portfolio consists of twenty-seven (27) co-op units, including twenty-four (24) free market (“FM”) units (89% of the portfolio) and three (3) rent-stabilized (“RS”) units, offering a compelling combination of in-place cash flow and long-term value creation through regulatory turnover, unit repositioning, and selective unit sales. The unit mix includes two (2) studios, thirteen (13) one-bedrooms, eleven (11) two-bedroom one-bathroom units, and one (1) two-bedroom two-bathroom unit, with notably large layouts averaging 923 SF.
Broker Details
Avison Young - US - NY - New York 908 392 0109
Broker Details
Avison Young - US - NY - New York 646 554 5239
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $5,250,000 |
| Lot Size: | 106,860.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
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