3162 Villa Ave - Apartments FOR SALE


Bronx, NY 10468- Jerome Park
$25,000,000 USD
914-837-1501
3162 Villa Ave, Bronx, NY for Sale
$25,000,000 USD
Apartments - FOR SALE
1/17
null | 10% Cap Rate

3162 Villa Ave
Bronx, NY 10468
Jerome Park


HIGHLIGHTS

  • New Construction
  • Rooftop Recreation space and 2 garage parking spots
  • Walk to the Subway Station (#4 Train), Metro North Train Station and Bus service

OVERVIEW

NEW CONSTRUCTION in a Fantastic North Bronx location! Walk to the Subway Station (#4 Train), Metro North Train Station and Bus service! 421-A / Augmented City FHEPs program (Ownership is in the early phases of lease up under the current program) 66 Units including 16 Studio Units / 15 One Bedroom Units / 35 Two Bedroom Units Projected NOI: ±$2,500,000 (Projected Rent Roll & Projected Expenses upon request) *Assuming 100% of the units are rented under the current “Augmented City FHEPS” Program Building Square Footage: ±49,000 SF Lot Square Footage: 7,500 SF (75 x 100) Elevator to all floors Balconies 3rd Floor - 8th Floor (Front & Rear Units) Balconies 9th Floor – 11th Floor (Rear Units Only) Private Terrace 9th Floor Only

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$477 USD /SF

# OF UNITS

66

PRICE/UNIT

$378,788

CAP RATE

10%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

11

YEAR BUILT

2025

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,500 SF

ZONING

-

APN/PARCEL ID

03311-0029

ASK ABOUT THIS PROPERTY

Michael RaoNew York Commercial Realty GroupMore Info
914-837-1501

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Michael RaoNew York Commercial Realty GroupMore Info
914-837-1501

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