16-Unit Bronx Investment with 421a Tax Abatement
16-Unit Bronx Investment with 421a Tax Abatement
Marketing description
Two Brand-New Construction Buildings: Contiguous 4-story walk-up buildings with modern design and durable construction.
Impressive Frontage and Size: 52 feet of frontage, spanning approximately 9,972 gross square feet.
Diverse Unit Mix: 16 residential units, including 6 studios and 10 one-bedroom apartments, appealing to various tenant demographics.
Tenant-Paid Utilities: All utilities (electric) are separately metered, ensuring reduced operating costs for ownership.
Low Maintenance Systems: Features individual water heaters for each unit, eliminating the need for a central boiler.
Enhanced Security: Equipped with security cameras throughout the interior and exterior for tenant safety.
421a(16) Tax Abatement: Benefiting from a preserved 35-year tax benefit, ensuring long-term financial advantages.
Investment highlights
Two Brand-New Construction Buildings: Contiguous 4-story walk-up buildings with modern design and durable construction.
Impressive Frontage and Size: 52 feet of frontage, spanning approximately 9,972 gross square feet.
Diverse Unit Mix: 16 residential units, including 6 studios and 10 one-bedroom apartments, appealing to various tenant demographics.
Tenant-Paid Utilities: All utilities (electric) are separately metered, ensuring reduced operating costs for ownership.
Low Maintenance Systems: Features individual water heaters for each unit, eliminating the need for a central boiler.
Enhanced Security: Equipped with security cameras throughout the interior and exterior for tenant safety.
421a(16) Tax Abatement: Benefiting from a preserved 35-year tax benefit, ensuring long-term financial advantages.
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