EXIT Realty Private Client is pleased to present the following opportunity in the Bronx, NY.
This three-property Bronx portfolio consists of 39 residential units across approximately 45,740 square feet of building area. The portfolio includes 1417 Prospect Avenue, a 20-unit, five-story building in Morrisania; 1962 University Avenue, an 11-unit, five-story building in Morris Heights; and 1550 Minford Place, an 8-unit, four-story building in Fairmont. All three properties are pre-war multifamily buildings located in established Bronx neighborhoods. The portfolio currently has over 400 violations across the three properties, presenting an opportunity for an experienced investor to address deferred maintenance and improve overall building operations. Additionally, 1550 Minford Place is currently enrolled in the Alternative Enforcement Program (AEP).