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Off Market
1/9

2001 Arthur Ave
Bronx, NY 10457


HIGHLIGHTS

  • New Construction
  • Mixed Use
  • Proposed 30 Year Tax Abatement

OVERVIEW

This newly built 45 unit mixed-use building offers the owner the ability to collect a sizable NOI, while also befitting from the high appreciation of the area. There is a high demand for newly built rentals in the area, which will keep the vacancy low, and keep the rents high. The 39,037 SF building offers 15 parking spots, 2,876 SF of community space, and 45 rental units (33 1-bedrooms, 12 2-bedrooms). 30% of the units will be affordable, allowing the owner to capitalize on a 30 year tax abatement. Furthermore, the developer is willing to transfer the Opportunity Zone Tax Credits to the new owner. Projected NOI is $887,222 and Cap Rate is 5.91%. Estimated completion is Fall 2020. *Some Interior images are virtually rendered

FOR SALE DETAILS

PRICE

-

# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

QOZ 8% to 290% ROI to 1,147% ROE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

50796

STORIES

7

YEAR BUILT

2020

PARKING SPACES

15

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

03068-0033