Three Pre-War Building Package Multi-Family FOR SALE


Bronx, NY - Crotona Park
$2,599,999 USD
914-329-1018
, Bronx, NY for Sale
$2,599,999 USD
Multi-Family - FOR SALE
1/3
null | 9.42% Cap Rate

Three Pre-War Building Package
Bronx, NY
Crotona Park


HIGHLIGHTS

  • Good Rental Income; $1,506/mo Average Monthly Rent Per Unit
  • Over 400 Violations Across All Properties
  • 1550 Minford in AEP

OVERVIEW

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).

ASK ABOUT THIS PROPERTY

Valjdet DzaferovicEXIT Realty Private ClientMore Info
914-329-1018

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

Valjdet DzaferovicEXIT Realty Private ClientMore Info
914-329-1018

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