Mount Hope – Anthony Avenue

New York & Tri-State + Apartments

Created date: November 17, 2023

Date last updated: November 17, 2023

Mount Hope is a vibrant neighborhood located in the Bronx, New York. Known for its rich cultural diversity, the area offers a unique blend of urban living and community
charm.
Positive Perks and Amenities:
1. Cultural Diversity: With a mix of diverse cultures and backgrounds, Mount Hope is a melting pot that celebrates diversity. This can be seen in the variety of cuisines,
festivals, and community events.
2. Parks and Recreation: Mount Hope is home to several parks and green spaces, providing residents with opportunities for outdoor activities, picnics, and relaxation.
3. Public Transportation: The neighborhood is well-served by public transportation, making it convenient for residents to commute to other parts of the city.
4. Education and Schools: Mount Hope has access to various educational institutions, catering to different age groups and learning needs.
5. Healthcare Facilities: The area boasts several healthcare facilities, ensuring that medical care is readily available to residents.
6. Shopping and Dining: From local markets to trendy restaurants, Mount Hope offers a wide range of shopping and dining options to suit all tastes and budgets.
7. Community Engagement: Various community centers and organizations actively engage residents, fostering a sense of belonging and community spirit.
8. Affordability: Compared to other parts of New York City, Mount Hope offers affordable housing options, making it an attractive choice for many families and
individuals.
9. Historical Significance: The neighborhood has a rich history, with several historical landmarks and buildings that add to its unique character.
10. Accessibility: Its central location in the Bronx ensures that Mount Hope is easily accessible from other parts of the city, making it a convenient place to live, work, and
visit.

Property Description

Investment Opportunity USD 6M property at 5.3% cap rate 61 Units 66,000 SF GBA 0.9% Vacancy rate 1927

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Broker Details

Francis Caamano

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Multifamily type:	Apartments
Price:	$6,000,000
No. of Units:	61
Cap Rate:	5.3%
Average Occupancy:	98
Year Built:	1927
Building Size:	66,000 Sq ft
No. of Stories:	6
Opportunity Zone:	No
Price per unit:	$98,361