718-663-2639
65 Buchanan Pl, Bronx, NY for Sale
Apartments - FOR SALE
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65 Buchanan Pl
Bronx, NY 10453
University Heights


HIGHLIGHTS

  • Newly constructed mixed use building, 25 residential units, 1 commercial unit
  • Long-term 421a tax exemption allows a substantial reduction in operating expenses
  • Fully occupied and cash flowing
  • Prime University Heights location

OVERVIEW

65 Buchanan Place is a newly constructed seven-story, mixed-use elevator building located in the heart of the University Heights neighborhood. Built in 2019, the Property consists of 25 residential units and one ground-floor commercial space, featuring modern layouts, quality finishes, and efficient building systems. The asset is fully leased, providing immediate, stable income supported by a 35-year 421a tax exemption, ensuring minimal real estate taxes and strong long-term yield stability. This offering presents investors with the opportunity to acquire a turnkey, cash-flowing mixed-use property in a thriving Bronx neighborhood, combining tax-advantaged stability with long-term value appreciation potential. For more information, please contact the exclusive brokers directly.

FOR SALE DETAILS

PRICE

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# OF UNITS

25

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased Mixed Use Building, 421A

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

R7-1

APN/PARCEL ID

03208-0053

ASK ABOUT THIS PROPERTY

Stephen PreussRipco Real EstateMore Info
718-663-2639

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Stephen PreussRipco Real EstateMore Info
718-663-2639

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