700 Bartholdi - Apartments FOR SALE


Bronx, NY 10467- Williamsbridge | 
$3,000,000 USD
914-677-2623
700 Bartholdi, Bronx, NY for Sale
$3,000,000 USD
Apartments - FOR SALE
1/7
null | 7.66% Cap Rate

700 Bartholdi
Bronx, NY 10467
Williamsbridge


OVERVIEW

a 20-unit, two-building multifamily investment located in the Allerton / Williamsbridge section of the Bronx. Originally constructed in 2012, the side-by-side properties operate as a single asset with a stabilized voucher-backed tenant base and benefit from a 421-a 25-Year No Cap tax exemption that materially reduces operating expenses through the remainder of the abatement period. At the asking price of $3,000,000, the offering represents a 7.66% in-place cap rate on $229,804 of NOI, with stabilized voucher rent collections and modern construction reducing both vacancy and capital expenditure risk.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$218 USD /SF

# OF UNITS

20

PRICE/UNIT

$150,000

CAP RATE

7.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2012

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R6

APN/PARCEL ID

04600-0014,04600-0015

ASK ABOUT THIS PROPERTY

Frank MorrisStagg GroupMore Info
914-677-2623

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Frank MorrisStagg GroupMore Info
914-677-2623

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