57 Units * 8.8% Cap Rate * 3.9% Asm Debt Multi-Family FOR SALE


$11,500,000 USD
914-670-7065
, Bronx, NY for Sale
$11,500,000 USD
Multi-Family - FOR SALE
1/24
null | 8.82% Cap Rate

57 Units * 8.8% Cap Rate * 3.9% Asm Debt
Bronx, NY
Fleetwood-Concourse Village


HIGHLIGHTS

  • Property offers a MORTGAGE ASSUMPTION with a 75% Loan-to-Value (LTV) based on the asking price at an INTEREST RATE of 3.94% which is FIXED UNTIL JANUA
  • There is an Active J51 Tax Credit which is valid until Year 2036. Property Taxes are currently $30K per year. A tremendous savings in cash flow for
  • 8.8% Cap Rate at asking price

OVERVIEW

NuRealty Advisors Inc. is proud to present the Exclusive Listing of 1260-1264 and 1272-1276 Clay Avenue in Bronx, NY. The Property Highlights: 1) 8.82% Cap Rate at asking price 2) Property offers a MORTGAGE ASSUMPTION with a 75% Loan-to-Value (LTV) based on the asking price at an INTEREST RATE of 3.94% which is FIXED UNTIL JANUARY 2030. 3) There is an Active J51 Tax Credit which is valid until Year 2036. Property Taxes are currently $30K per year. A tremendous savings in cash flow for the next 13 YEARS! 4) Cash-on-Cash Return with Loan Assumption is OVER 18% in Year 1 and is projected to be nearly 25% by Year 7. 5) Two Gas Heat Boilers (No Oil!) 6) There are 57 Units with a Layout of One Studio, Eight 1BRs, Nine 2BRs, Twenty 3BRs, and Nineteen 4BRs. The apartments are a box layout (No Railroad). 7) Properties are masonry construction with steel staircases and new roofs 8) Property offers a substantially higher Legal Regulated Rent Roll. - See attached Offering Memorandum For further information, please contact Michael Nukho or Lukasz Przybylek of NuRealty Advisors Inc. at Team@NuRealtyAdvisors.com

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Michael NukhoNuRealty Advisors, Inc.More Info
914-670-7065

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Michael NukhoNuRealty Advisors, Inc.More Info
914-670-7065

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