516-205-0814
512 E 188th St, Bronx, NY for Sale
Apartments - FOR SALE
1/5
null | Request Cap Rate

512 E 188th St
Bronx, NY 10458
Belmont


HIGHLIGHTS

  • Highly desirable location near Fordham University
  • Recent capital improvements with minimal deferred maintenance
  • Fully furnished units with in-unit laundry and modern appliances
  • Huge rental demand, consistently pre-leased

OVERVIEW

Lee & Associates NYC has been retained on an exclusive basis to arrange the sale of 512 East 188th Street (the “Property”), a well-maintained multifamily asset comprising 3 residential units and 12 total beds. The property was gut renovated in 2017 and converted to fully electric. The Property has benefited from recent capital improvements and is maintained in excellent condition, offering an incoming investor a turnkey asset with limited near-term capital requirements. Each unit is fully furnished and features modern conveniences including flat screen TVs in every bedroom, dishwashers, and in unit stacked washers and dryers. Located in close proximity to Fordham University, the Property is positioned to serve the consistent housing needs of the surrounding student population. Its furnished bedroom configuration, proximity to campus, and strong physical condition provide an attractive combination for investors seeking dependable cash flow supported by an education driven tenant base.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

3

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1901

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,812 SF

ZONING

R6

APN/PARCEL ID

03057-0027

ASK ABOUT THIS PROPERTY

Sean SlatteryLee & AssociatesMore Info
516-205-0814

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Sean SlatteryLee & AssociatesMore Info
516-205-0814

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