Mickle Ave
Multifamily | 6.64% CAP | 28 Units
Marketing description
CAP 6.6%…..Prime 28-Unit Investment Opportunity in Williamsbridge, Bronx
Located in the sought-after Williamsbridge section of the Bronx, this exceptional 28-unit property offers strong cash flow, modern amenities, and long-term upside. Benefiting from a 421a Tax Abatement, this income-producing asset is ideal for savvy investors or a 1031 exchange.
All units are fully electric—no gas—with tenants responsible for all utilities, minimizing operating costs. Each unit is equipped with individual hot water tanks (28 total), stainless steel appliances, and efficient Mitsubishi split-unit heating & cooling systems. A studio super’s unit is also included.
Additional features include:
Digital video intercoms in each unit
Interior & exterior surveillance cameras
24 outdoor parking spaces
Low operating expenses
NOI: $716,750 | Net Cap Rate: 6.6%
This is a turn-key asset in a thriving Bronx neighborhood—perfect for portfolio expansion with minimal management headaches.
Investment highlights
Located in the Williamsbridge Section of the Bronx. Amazing 28 Unit. 421a Tax abatement. Tenants pay all utilities. No gas all electric. 28 Hot water tanks. Studio super unit. All Stainless steel appliances with Mitsubishi AC/Heating units. Low expenses.
Each unit has digital video intercom, interior/exterior surveillance cameras. 24 Outdoor parking spaces. Great for Investor 1031 exchange. NOI $716,750. Net Cap. 6.6
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