Prime Bronx new construction multifamily investment opportunity. Built in 2022, this 7-story elevator building consists of 18 Rent Stabilized. units and benefits from a 32-year tax abatement. The property offers strong in-place cash flow with approximately 8% CAP RATE and minimal deferred maintenance due to recent construction.
Located in the heart of the Bronx near Bronx Zoo, New York Botanical Garden, Fordham University, and the Fordham Road commercial corridor. Convenient access to public transportation, retail, dining, and major neighborhood amenities.
16,800 Sq Ft
commercial
$149 Monthly Tax
Built in 2023
MLS/Listing ID 1001934
18 Units
Public Sewer
Public Water
Construction - Brick
Cooling - Electric
Heating - Electric
TOTAL MONTHLY COST
$0
$0
$0