1034-1036 Longfellow Avenue - Multi-Family FOR SALE


Bronx, NY 10459- Foxhurst
$2,600,000 USD
212-430-6134
1034-1036 Longfellow Avenue, Bronx, NY for Sale
$2,600,000 USD
Multi-Family - FOR SALE
1/16
null | 5% Cap Rate

1034-1036 Longfellow Avenue
Bronx, NY 10459
Foxhurst


HIGHLIGHTS

  • The Building: 1034 & 1036 Longfellow Avenue comprise 3 one-bedroom, 3 two-bedroom, and 2 three-bedroom apartments
  • Path to Upside: Under Section-8 rental guidelines, an investor can increase the annual income by nearly $98,000
  • The Metrics: $406 Per Sqft | $325k Per Unit | $151 per buidable Sqf
  • Located in the heart of Foxhurst, steps away from the Lyons Square and Longfellow playgrounds,the Vida Bogart School, and the Hunts Point Ave 6 Train

OVERVIEW

The New York Multifamily Team at Marcus & Millichap is pleased to present the following opportunity in the Foxhurst neighborhood of the Bronx. 1034 & 1036 Longfellow Avenue are two contiguous four- family walk-up buildings totaling 6,400 square feet. Just south of Westchester Avenue and E 165 Street, these assets offer investors a unique opportunity to capitalize on immediate upside potential by transitioning units to Section-8 rental income. Additionally, 1034–1036 Longfellow offer a combined 10,400 square feet of unused buildable area, providing the potential for an Alt-1 conversion, or up to 17,200 buildable square feet in a full redevelopment scenario. These tax-class protected buildings are ideally located near Lyons Square and Longfellow Playgrounds, The Vida Bogart School, and the Hunts Point Avenue 6 train.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

8

PRICE/UNIT

$325,000

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1034-1036 Longfellow Avenue

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R7-1

APN/PARCEL ID

02756-0068

ASK ABOUT THIS PROPERTY

Seth GlasserMarcus & MillichapMore Info
212-430-6134

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Seth GlasserMarcus & MillichapMore Info
212-430-6134

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.