2334 Tiebout Ave - Apartments FOR SALE


Bronx, NY 10458- Fordham Heights
$7,350,000 USD
646-253-0942
2334 Tiebout Ave, Bronx, NY for Sale
$7,350,000 USD
Apartments - FOR SALE
1/7
null | 9.9% Cap Rate

2334 Tiebout Ave
Bronx, NY 10458
Fordham Heights


OVERVIEW

Friedman-Roth Realty Services is pleased to exclusively offer 2334 Tiebout Avenue, a 76-unit, six-story elevator apartment building located in the Belmont section of the Bronx. This exceptional multifamily investment offers an approximate 10.0% CAP Rate, strong in-place cash flow, and significant long-term upside through approximately $297,000 in preferential rent growth. Family-owned for nearly 70 years, the property has been well maintained and benefits from numerous recent capital improvements. Recent upgrades include a new elevator (2021), upgraded electrical service with new electric stoves, rewired apartments, new risers, a new roof, renovated apartments, and a RunWise smart boiler management system designed to improve operating efficiency. Investment Highlights Approximate 10.0% CAP Rate 76 Residential Units 38 Preferential Rents with Approximately $297,000 of Upside 6-Story Elevator Building Family Owned for Nearly 70 Years Extensive Capital Improvements Completed Strong In-Place Cash Flow Asking Price: $7,250,000 Offering Memorandum, financials, and additional due diligence materials are available upon request.

FOR SALE DETAILS

PRICE

$7,350,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

76

PRICE/UNIT

$96,711

CAP RATE

9.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,339 SF

ZONING

R7-1

APN/PARCEL ID

03143-0260

ASK ABOUT THIS PROPERTY

Lynda BlumbergFriedman-Roth RealtyMore Info
646-253-0942

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Lynda BlumbergFriedman-Roth RealtyMore Info
646-253-0942

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