1967-1971 Marmion Ave - Apartments FOR SALE


Bronx, NY 10460- East Tremont
$10,750,000 USD
914-670-7065
1967-1971 Marmion Ave, Bronx, NY for Sale
$10,750,000 USD
Apartments - FOR SALE
1/36
null | 6.56% Cap Rate

1967-1971 Marmion Ave
Bronx, NY 10460
East Tremont


HIGHLIGHTS

  • Assumable Mortgage of $7.4M with 3.43% Interest Rate based on Interest Only Payments. Three Years Remaining
  • Cash-on-Cash Return of 9% to 11% with Loan Assumption
  • High Legal Rent Roll of $1,360,000

OVERVIEW

NuRealty Advisors Inc. is proud to present the Exclusive Listing for 1967-1971 Marmion Avenue, a classic pre-war masonry building located in the thriving East Tremont submarket of the Bronx. This well-maintained property features 73 residential units, offering a desirable mix of: • 46 – 1BRs • 24 – 2BRs • 3 – 3Brs Key Investment Highlights: • Assumable mortgage of $7,410,000 at a favorable 3.43% interest rate, based on interest-only payments, with 3 years remaining. The loan is held with Freddie Mac, offering investors an immediate financing advantage in today’s lending environment. • Cash-on-Cash Return of 9% to 11% with Loan Assumption • Gas-fired heating system • Walk-up configuration (no elevator) promoting operational efficiency and reduced overhead • High legal rent roll of $1,360,000 • Offering price of $10,750,000 which his a near 7% cap rate, presenting a rare opportunity to acquire a stable, cash-flowing asset in a strong rental market Walking distance to the Subway & Metro North Train Station, providing easy access to Manhattan and the greater NYC region. For more information, please contact Team@NuRealtyAdvisors.com

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

73

PRICE/UNIT

$147,260

CAP RATE

6.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

73 Units * 9% Return * 3.4% Assumable Mtg

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

C4-4A

APN/PARCEL ID

03107-0036

ASK ABOUT THIS PROPERTY

Michael NukhoNuRealty Advisors, Inc.More Info
914-670-7065

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Michael NukhoNuRealty Advisors, Inc.More Info
914-670-7065

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