627-629 Faile St - Apartments FOR SALE


Bronx, NY 10474- Hunts Point
$5,000,000 USD
646-836-9264
627-629 Faile St, Bronx, NY for Sale
$5,000,000 USD
Apartments - FOR SALE
1/12
null | 6.52% Cap Rate

627-629 Faile St
Bronx, NY 10474
Hunts Point


OVERVIEW

627–629 Faile Street presents a rare opportunity to acquire a newly constructed (2021) multifamily asset in the rapidly evolving South Bronx submarket. This 4-story, 16-unit mid-rise apartment building offers stable in-place income with strong upside potential in one of New York City’s most active rental growth corridors.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

16

PRICE/UNIT

$312,500

CAP RATE

6.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,483 SF

ZONING

R6

APN/PARCEL ID

02766-0022

ASK ABOUT THIS PROPERTY

Peter KimPointbridge CREMore Info
646-836-9264

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Peter KimPointbridge CREMore Info
646-836-9264

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