Opportunity to acquire two well-maintained, professionally managed walk-up multifamily buildings in the historic Highbridge neighborhood of the Bronx. Together, these assets comprise approximately 70,000 square feet and 82 residential units, featuring a diverse mix of studios, one-, two-, and three-bedroom layouts, plus a supers unit. The properties benefit from over 30 years of long-term ownership and operational stability, offering immediate scale and management efficiencies due to their close proximity. Additional upside is realized through an existing antenna lease with a profit-sharing agreement, creating supplementary income streams.
Positioned within an R7-1 zoning district, the portfolio offers future development potential supported by favorable FAR and air rights. Residents enjoy excellent connectivity via the Major Deegan Expressway, Jerome Avenue, multiple bus lines, and the 4 train at 167th Street, while being minutes from Yankee Stadium, Bronx Lebanon Hospital, and Highbridge Park. With an asking price of, this investment combines strong in-place cash flow, potential tax benefits, and long-term growth in one of the Bronx’s most vibrant communities.