251 E 236th St - Apartments FOR SALE


Bronx, NY 10470- Woodlawn Heights
$2,650,000 USD
212-430-5136
251 E 236th St, Bronx, NY for Sale
$2,650,000 USD
Apartments - FOR SALE
1/26
null | 6.1% Cap Rate

251 E 236th St
Bronx, NY 10470
Woodlawn Heights


HIGHLIGHTS

  • 23-Unit, 100% Occupied Multifamily, Stable In-Place Cash Flow
  • Value-Add Potential via $9,743 in Preferential Rent Upside
  • $2,650,000 Offering Price at a 6.1% Capitalization Rate
  • High-Income Bronx Pocket, Median Household Income of $75,750
  • Strategic Woodlawn Heights Location, Adjacent to Westchester County
  • Woodlawn Metro-North, 2 and 5 Trains Providing Excellent Transit Access

OVERVIEW

The New York Multifamily Group at Marcus & Millichap is pleased to exclusively offer 251 East 236th Street for sale, a 23-unit, 100% occupied rent-stabilized multifamily building in the Woodlawn Heights neighborhood of the Bronx. The property is approximately 17,400 square feet and features a unit mix consisting entirely of 15 one-bedroom and 8 two-bedroom apartments. The building is offered at $2,650,000, which represents a 6.1% capitalization rate based on the current Net Operating Income of $161,720.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$152 USD /SF

# OF UNITS

23

PRICE/UNIT

$115,217

CAP RATE

6.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,009 SF

ZONING

R4-1, Bronx

APN/PARCEL ID

03377-0080

ASK ABOUT THIS PROPERTY

Seth GlasserMarcus & MillichapMore Info
212-430-5136

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Seth GlasserMarcus & MillichapMore Info
212-430-5136

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