The New York Multifamily team at Marcus & Millichap is pleased to present thefollowing opportunity in Fordham. 2073 Ryer Avenue is a newly constructed elevatorbuilding situated between East Burnside Avenue and East 180th Street. The buildingwas issued its final certificate of occupancy in December 2024. With a high average rent of $3,613 per apartment through Section 8 vouchers, this meticulously maintained asset benefits from an active 421-a tax abatement, resulting in a current annual tax bill of $2,211. The abatement has 34 more years of till expiration. All leases are equipped with the proper 421-a riders, confirming that each unit will revert to free market status once the 421-a abatement term concludes. Finished Product 2073 Ryer Avenue offers investors a rare opportunity to acquire a pristine elevator building in a prime location, featuring market rents and fully renovated units with 100% collections. Each unit also includes its own washer, dryer, and hot waterheater. The property benefits from close proximity to two prime retail corridors, the GrandConcourse & Fordham Road, Saint Barnabas Hospital, Bronx Community College, and the 182nd B & D subway The Opportunity • The Building: This 23-unit elevator building comprises 16 studios and 7 one-bedroom apartments • The Metrics: 8.7% Cap | 9.4x GRM | 11.7% C-O-C Return • Prime Location: 2073 Ryer Avenue is well located close to the Grand Concourse& Fordham Road, Saint Barnabas Hospital, Bronx Community College, and the 182nd B & D subway