2029-2031 BURR AVENUE, BRONX, NY 10461 Multi-Family FOR SALE


$2,700,000 USD
646-933-2615
, Bronx, NY for Sale
$2,700,000 USD
Multi-Family - FOR SALE
1/15
null | 10.59% Cap Rate

2029-2031 BURR AVENUE, BRONX, NY 10461
Bronx, NY
Middletown-Pelham Bay


HIGHLIGHTS

  • 11 Free Market Units - New Construction in the Pelham Bay section of the Bronx
  • The subject deal consists of two walk up brick apartment buildings
  • Given that the 421A tax abatement has expired, once a tenant leaves the unit will become free market allowing you to bring the rent up
  • The building has a ton of future upside, allowing you to increase the rent roll significantly
  • The buildings are in 2-minute walking distance from the pelham Bay Park subway station (6)

OVERVIEW

Investment Property Realty Group (IPRG) has been exclusively hired to sell 2029-2031 Burr Avenue located in the Pelham Bay section of the Bronx. The subject deal consists of two walk up brick apartment buildings. 2029 Burr Avenue is a 2-story free market three-unit building. The apartments are broken into one 3- bedroom apartment, one 2-bedroom apartment, and one 4-bedroom apartment. 2031 Burr Avenue is four story- eight unit building that was built in 2006. Given that the 421A tax abatement has expired, once a tenant leaves the unit will become free market allowing you to bring the rent up to top of the market. This gives the building a ton of future upside, allowing you to increase the rent roll significantly. The buildings are in a 2-minute walking distance from the pelham Bay Park subway station (6).

ASK ABOUT THIS PROPERTY

Jared FriedmanInvestment Property Realty GroupMore Info
646-933-2615

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Jared FriedmanInvestment Property Realty GroupMore Info
646-933-2615

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