441 E 140th St - Apartments FOR SALE


Bronx, NY 10454- Mott Haven
$1,750,000 USD
212-430-6134
441 E 140th St, Bronx, NY for Sale
$1,750,000 USD
Apartments - FOR SALE
1/15
null | 8.8% Cap Rate

441 E 140th St
Bronx, NY 10454
Mott Haven


HIGHLIGHTS

  • 441 East 140th Street comprises 1 two-bedroom apartment and 9 three-bedroom apartments. The property is a 5-story building and is not subject to LL1
  • Asking 8.8% Cap Rate or 6.4 GRM.
  • Under Section-8 rental guidelines, a Pro-Forma rent of $4,000 per apartment could enable an investor to increase annual income by over $100,000.
  • This Pro-Forma Cap Rate equates to approximately 14.4%.
  • This building is conveniently located near Mottley Kitchen, Brook Park, and the Brook Avenue Subway Station.

OVERVIEW

New York Multifamily is pleased to offer the following opportunity in the coveted neighborhood of Mott Haven. 441 East 140th Street is a 5-story walk up composed of 6 free-market and 5 stabilized apartments. Spanning 13,235 square feet, 441 East 140th Street offers investors an opportunity to capitalize on immediate upside potential by transitioning these units to Section-8 rental income. This building is conveniently located near Mottley Kitchen, Brook Park, and The Brook Avenue Subway Station.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

11

PRICE/UNIT

$159,091

CAP RATE

8.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mott Haven

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,790 SF

ZONING

R6, Bronx

APN/PARCEL ID

02285-0070

ASK ABOUT THIS PROPERTY

Seth GlasserMarcus & MillichapMore Info
212-430-6134

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Seth GlasserMarcus & MillichapMore Info
212-430-6134

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