230 E 196th St - Apartments FOR SALE


Bronx, NY 10458- Fordham Manor
$1,800,000 USD
212-660-7739
230 E 196th St, Bronx, NY for Sale
$1,800,000 USD
Apartments - FOR SALE
1/2
null | 9.22% Cap Rate

230 E 196th St
Bronx, NY 10458
Fordham Manor


HIGHLIGHTS

  • 13-unit rent-stabilized multifamily building in the Fordham neighborhood.
  • Located just off the Grand Concourse with access to the B, D, and 4 subway lines.
  • Four-story walk-up containing 13 residential units.
  • Proximity to Fordham Road, Kingsbridge Road, and Grand Concourse retail corridors.
  • Near Fordham University, Lehman College, Bronx Park, and the New York Botanical Garden.
  • One vacant unit provides immediate leasing or repositioning opportunity.

OVERVIEW

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 230 East 196th Street (the “Property”), a four-story rent stabilized multifamily building located in the Fordham neighborhood of the Bronx. The Property is 13,460 square feet and contains 13 rent stabilized units. 230 East 196th Street is ideally positioned just off the Grand Concourse, providing residents with convenient access to several of the Bronx primary commercial and transportation corridors. The Property is located near the Kingsbridge Road subway station, serviced by the B, D & 4 trains offering direct connectivity throughout the Bronx and into Manhattan. The Property benefits from its proximity to the extensive retail, dining, and neighborhood services located along the Grand Concourse, Fordham Road, and Kingsbridge Road. It is also conveniently situated near Fordham University, Lehman College, Bronx Park, and the New York Botanical Garden, helping make the surrounding Fordham and Bedford Park area a well-established and highly accessible residential neighborhood. Please direct all inquiries to Cushman & Wakefield.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

13

PRICE/UNIT

$138,462

CAP RATE

9.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R7B

APN/PARCEL ID

03300-0044

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.