Hillstone Properties NY is pleased to exclusively present this newly constructed five-story, 16-unit multifamily building in the heart of the Bronx.
Built in 2025, the property consists of 10 studio apartments and 6 one-bedroom apartments, totaling approximately 8,608 square feet on a 3,199-square-foot lot.
This all-electric building is delivered fully vacant, allowing an investor to lease at current market rents.
The property benefits from a 35-year 485-x tax abatement, resulting in exceptionally low operating expenses and strong long-term cash flow potential.
Ideally located near public transportation, Yankee Stadium, the Grand Concourse, shopping, restaurants, and major highways, this turnkey asset presents an outstanding opportunity to acquire a brand-new multifamily investment in one of the Bronx's strongest rental markets