155 E 168th St - Apartments FOR SALE


Bronx, NY 10452- Concourse
$3,850,000 USD
212-430-5281
155 E 168th St, Bronx, NY for Sale
$3,850,000 USD
Apartments - FOR SALE
1/10
null | 6.7% Cap Rate

155 E 168th St
Bronx, NY 10452
Concourse


HIGHLIGHTS

  • 55 units l asking $70,000/unit
  • 5x GRM, block off grand concourse

OVERVIEW

New York Multifamily is pleased to offer the following opportunity in Concourse neighborhood of the Bronx. 155 East 168th Street is a 5-story walk-up building with 55 residential apartments and spans 45,500 square feet. Composed of 6 studio, 39 one and 10 two-bedroom apartments East 168th street is located one block off the prime Grand Concourse retail corridor and is a short walk to the B, D & 4 subway lines. This building offers investors an opportunity to capitalize on immediate economies of scale at a below-market basis, well below replacement cost: Asking $70,000 per unit & $85PSF.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$85 USD /SF

# OF UNITS

55

PRICE/UNIT

$70,000

CAP RATE

6.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,874 SF

ZONING

R8

APN/PARCEL ID

02466-0040

ASK ABOUT THIS PROPERTY

Michael FuscoMarcus & MillichapMore Info
212-430-5281

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Michael FuscoMarcus & MillichapMore Info
212-430-5281

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