2105 Blackrock Ave - Apartments FOR SALE


Bronx, NY 10472- Unionport
$2,100,000 USD
212-430-5281
2105 Blackrock Ave, Bronx, NY for Sale
$2,100,000 USD
Apartments - FOR SALE
1/23
null | 7% Cap Rate

2105 Blackrock Ave
Bronx, NY 10472
Unionport


HIGHLIGHTS

  • 2105 Blackrock Avenue is a 5 story walkup containing 25 rent stabilized apartments.
  • The building consists of 19 one-bedroom and 6 two-bedroom apartments and has been owned & operated by the same family for over 29 years.
  • 7.0% Cap Rate | 5.3x GRM | 84,000 PPU
  • The building operates with an off-site superintendent; average in-place rent is $1,321 per unit per month
  • The building is located in close proximity from the Parkchester 6 train, Bruckner Boulevard's retail corridor, the Whitestone Bridge, and Ferry Point
  • 100% rent-stabilized and fully occupied, with lease expirations laddered through 2028 — a durable, predictable income profile.

OVERVIEW

The New York Multifamily Team at Marcus & Millichap is pleased to offer the following opportunity in the Castle Hill neighborhood of the Bronx. 2105 Blackrock Avenue is a 25-unit walk-up building located on the corner of Blackrock Avenue and Olmsted Avenue, just off Bruckner Expressway. This meticulously maintained, generationally owned asset has been owned and operated by the same family for over 29 years, offering investors a unique opportunity to acquire 25 units in a sought-after submarket of the Bronx. 2105 Blackrock Avenue is steps away from the Parkchester 6 train, Bruckner Boulevard's retail corridor, the Whitestone Bridge, and Ferry Point Park.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$97 USD /SF

# OF UNITS

25

PRICE/UNIT

$84,000

CAP RATE

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

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,535 SF

ZONING

R5

APN/PARCEL ID

03808-0001

ASK ABOUT THIS PROPERTY

Michael FuscoMarcus & MillichapMore Info
212-430-5281

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

Michael FuscoMarcus & MillichapMore Info
212-430-5281

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