772 E 182nd St - Apartments FOR SALE


Bronx, NY 10460- Belmont
$6,500,000 USD
772 E 182nd St, Bronx, NY for Sale
$6,500,000 USD
Apartments - FOR SALE
1/1
null | 8.15% Cap Rate

772 E 182nd St
Bronx, NY 10460
Belmont


HIGHLIGHTS

  • 8% cap in place | 2023 New Construction | 32 Years tax abatement remaining

OVERVIEW

This newly constructed seven-story elevator building offers a compelling investment opportunity in the Bronx. Completed in 2023, the property is comprised of 18 rent-stabilized apartments and comes with a 32-year tax abatement, significantly enhancing its appeal for long-term investors. The building provides in-place cash flow with an approximate 8% CAP rate and minimal maintenance requirements thanks to its recent build. The location is highly advantageous—situated near the Bronx Zoo, New York Botanical Garden, and Fordham University, with easy access to the Fordham Road commercial corridor. Excellent connectivity to public transportation and proximity to retail, dining, and cultural landmarks make this a sought-after address for residents. With neighborhood amenities and infrastructure promoting consistent demand, this asset aligns well with stable income generation and future appreciation prospects.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$387 USD /SF

# OF UNITS

18

PRICE/UNIT

$361,111

CAP RATE

8.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R7-1

APN/PARCEL ID

03110-0061

ASK ABOUT THIS PROPERTY

Lina ShiS10 Realty Group LLCMore Info

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