Marilyn's Place (674 & 676 & 678 East 232nd Street) WHERE THE NUMBERS DO THE TALKING.
This is the deal you've been underwriting in your head. the one where the expenses are real, the financing is already done, and the income holds. This isn't a value add pitch dressed up with potential. It's a fully operational, 30 unit, 3 building portfolio that walks in the door with every major advantage stacked in your favor.
The mortgage? Assumable. In a market where financing is the first obstacle, this property hands you a solution before you even ask the question.
TAXES? Abated. Your bottom line is protected from day one.
Water & Electric (common area)? Landlord-paid. Tenants stay. Vacancies shrink. NOI holds.
Expenses? Extremely low. This isn't marketing language it's the actual operating profile of a 2011-built property that was designed and managed to perform.
30 apartments. 3 buildings. One rare opportunity to acquire a stabilized Bronx multifamily asset where the cash flow story doesn't require imagination it requires a calculator. you won't need a second showing. It will need a best offer.