1925 Andrews Ave S - Apartments FOR SALE


Bronx, NY 10453- University Heights
$975,000 USD
212-430-5100
1925 Andrews Ave S, Bronx, NY for Sale
$975,000 USD
Apartments - FOR SALE
1/14
null | 7.3% Cap Rate

1925 Andrews Ave S
Bronx, NY 10453
University Heights


HIGHLIGHTS

  • 1925 Andrews Avenue presents an 11-unit apartment building offering 10 three-bedroom units and one one-bedroom unit.
  • Ideally located in the University Heights neighborhood in Bronx, home to New York's Bronx Community College.
  • Midtown Manhattan is roughly 30 minutes via train.
  • The Metrics: 5.7 x GRM with a low basis of $88,636 per unit.

OVERVIEW

New York Multifamily is pleased to offer 1925 Andrews Avenue South, located in the lively neighborhood of University Heights. Situated between Burnside Avenue and 179th Street, the same ownership group has professionally managed this asset for over 25 years. Spanning 12,500 square feet across five stories, 1925 Andrews Avenue is composed of 11 units. The property benefits from a prime location near Middle School 390, Bronx Community College, and the Ohio Baseball Field, with convenient access to the 4, B, and D subway lines. This 11-unit, walk-up building features spacious family-sized apartments, thoughtfully designed to accommodate the needs of students and families at one of the nearby schools. It comprises 10 three-bedroom apartments and one two-bedroom apartment in the basement. 1925 Andrews Avenue is located near Bronx Community College and Middle School 390. Preferential Rents: All units benefit from preferred rents, which offer 11k of annual upside between actual collected and DHCR rents.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$78 USD /SF

# OF UNITS

11

PRICE/UNIT

$88,636

CAP RATE

7.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

R5

APN/PARCEL ID

03221-0080

ASK ABOUT THIS PROPERTY

Christopher MehranMarcus & MillichapMore Info
212-430-5100

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Christopher MehranMarcus & MillichapMore Info
212-430-5100

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