2250 Grand Concourse - Apartments FOR SALE


Bronx, NY 10457- Fordham Heights
$2,700,000 USD
212-660-7739
2250 Grand Concourse, Bronx, NY for Sale
$2,700,000 USD
Apartments - FOR SALE
1/2
null | 9.17% Cap Rate

2250 Grand Concourse
Bronx, NY 10457
Fordham Heights


HIGHLIGHTS

  • 22-unit rent-stabilized multifamily building in the Fordham neighborhood.
  • Three vacant units provide immediate leasing and value-add potential.
  • Located on Grand Concourse near the B and D subway lines.
  • Steps from Fordham Road retail corridor, Fordham University, and Bronx Zoo.
  • Five-story walk-up situated on a 50' x 100' lot.
  • Direct access to Bx1 and Bx2 bus service at the property's doorstep.

OVERVIEW

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 2250 Grand Concourse (the “Property”), a five-story multifamily walk-up located in the heart of Fordham, Bronx. The Property is 17,270 square feet, sits on a 50’ × 100’ lot, and consists of 22 rent-stabilized units, three of which are vacant. 2250 Grand Concourse is ideally positioned on the Grand Concourse between East 182nd Street and East 183rd Street, one of the Bronx’s most prominent and well-established residential corridors. The Property is steps from the 182nd–183rd Streets subway station, serviced by the B and D trains, providing direct access to Midtown Manhattan. Additionally, the Grand Concourse/East 182nd Street bus stop is located directly outside the Property, servicing the Bx1 and Bx2 lines and providing convenient access throughout the Bronx. The Property benefits from immediate access to the Fordham Road retail corridor, one of the busiest shopping destinations in New York City, as well as nearby Fordham University, the New York Botanical Garden, and the Bronx Zoo, further enhancing its appeal within the Fordham neighborhood. Please direct all inquiries to Cushman & Wakefield.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

22

PRICE/UNIT

$122,727

CAP RATE

9.17%

% LEASED

96%

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

0.12 AC

LAND SF

5,227 SF

ZONING

R8, Bronx

APN/PARCEL ID

03158-0014

ASK ABOUT THIS PROPERTY

Josh NeustadterCushman & WakefieldMore Info
212-660-7739

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Josh NeustadterCushman & WakefieldMore Info
212-660-7739

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