959 Anderson Ave - Apartments FOR SALE


Bronx, NY 10452- Highbridge
$9,500,000 USD
516-650-8549
959 Anderson Ave, Bronx, NY for Sale
$9,500,000 USD
Apartments - FOR SALE
1/20
null | 8.58% Cap Rate

959 Anderson Ave
Bronx, NY 10452
Highbridge


HIGHLIGHTS

  • 421A tax abatement
  • turn key new construction
  • 8.5% Cap rate in place

OVERVIEW

Introducing 959 Anderson Avenue a turn key new construction 26 Family a one block from Yankee Stadium in the heart of Highbridge Bronx. Tenants are all paying & the current NOI is $815,000. (8.5% Cap Rate) The Colliers appraisal given last week values 959 Anderson at $11,500,000. The property has a new 35 year 421A tax abatement & was recently occupied this year. (the tenants are all up to date & the avg.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$503 USD /SF

# OF UNITS

25

PRICE/UNIT

$380,000

CAP RATE

8.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

2022

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,026 SF

ZONING

R7-1

APN/PARCEL ID

02507-0032

ASK ABOUT THIS PROPERTY

Nate SmithOxford Property GroupMore Info
516-650-8549

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Nate SmithOxford Property GroupMore Info
516-650-8549

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