212-430-5281
85 E Mosholu Pky, Bronx, NY for Sale
Apartments - FOR SALE
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85 E Mosholu Pky
Bronx, NY 10467
Norwood


HIGHLIGHTS

  • 37-unit walk-up in prime Norwood neighborhood with strong rental demand.
  • Attractive unit mix of 32 one-bedroom and 5 two-bedroom apartments.
  • 11 apartments are free market, offering immediate upside potential.
  • Opportunity to implement value-add strategy through Section 8 subsidy standards.
  • Ideally located near Van Cortlandt Park Golf Course, Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train.

OVERVIEW

The New York Multifamily Team at Marcus & Millichap is pleased to offer the following opportunity in one of the most sought- after neighborhoods in the Bronx. 85 East Mosholu Parkway North is a 37-unit walk-up, ideally located in prime Norwood between Van Cortlandt Avenue and Jerome Avenue. Encompassing 31,875 square feet, this building has 11 apartments unencumbered by rent stabilization laws. With an average rent of $1,395 per free market unit, this opportunity allows an investor to implement a value-add strategy and increase rents through Section 8 subsidy standards. Owned and operated by the same group for nearly 25 years, 85 East Mosholu Parkway is ideally located near Van Courtlandt Park Golf Course, The Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train. • THE BUILDING This meticuoulsy maintained asset is a 37-unit walk-up composed of 32 one-bedroom and 5 two-bedroom apartments. 11/38 apartments are free market. • PRIME LOCATION 85 E Mosholu Parkway North is conveinently located near Van Courtlandt Park Golf Course, The Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train.

FOR SALE DETAILS

PRICE

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# OF UNITS

37

CAP RATE

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% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

R7-1

APN/PARCEL ID

03326-0018

ASK ABOUT THIS PROPERTY

Michael FuscoMarcus & MillichapMore Info
212-430-5281

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Michael FuscoMarcus & MillichapMore Info
212-430-5281

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