Morris Heights Bronx Multifamily For Sale
- Tax Class 2B
- Strong In Place CAP Rate
- Additional 5,975 Buildable Air Rights
Property Description
Safdie Realty Group has been exclusively retained to sell 1684 Grand Avenue. The subject property is located between West 176th Street & West 174th Street in Morris Heights, Bronx. The property offers ten apartments each consisting of Studio, 2 & 1 bathroom layouts. The property is located a short walk away from the 4 subway line.
Key Property Information
| Listing Status: | Available |
|---|---|
| Property Types: | Affordable Housing |
| Price: | $2,800,000 |
| No. of Units: | 10 |
| Cap Rate: | 8.74% |
| Year Built: | 1930 |
| Year Renovated: | 2019 |
| Building Size: | 4,022 Sq ft |
| Lot Size: | 2,500.00 Acres |
| No. of Stories: | 4 |
| Zoning Code: | R7-1 |
| Opportunity Zone: | No |
| Price per unit: | $280,000 |
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|---|
| Gross income: | 307392 |
| Effective Gross income: | 244650 |
| Operating expenses: | 47371.76 |
| Net operating income: | 244650 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Roni Yaghoobzar | 5164690773 | [email protected] |
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