Listed by NuRealty Advisors
$10,750,000
1967-1971 Marmion
Details
APN 03107-0036
Property Type Multifamily
Sub Type Apartment Building
Square Footage 51,520
Units 73
Cap Rate 6.56%
NOI $705,643
Price per SqFt $209
Class C
Year Built 1926
Buildings 1
Stories 5
Lot Size (SqFt) 23,302
Zoning C4-4A
Ownership Fee Simple
Multifamily | 73 Units | $147,260/unit
Marketing description
NuRealty Advisors Inc. is proud to present the Exclusive Listing for 1967-1971 Marmion Avenue, a classic pre-war masonry building located in the thriving East Tremont submarket of the Bronx.
This well-maintained property features 73 residential units, offering a desirable mix of:
Investment highlights
- Assumable mortgage of $7,410,000 at a favorable 3.43% interest rate, based on interest-only payments, with 3 years remaining. The loan is held with Freddie Mac, offering investors an immediate financing advantage in today’s lending environment.
- Cash-on-Cash Return of 9% to 11% with Loan Assumption
- Gas-fired heating system
- Walk-up configuration (no elevator) promoting operational efficiency and reduced overhead
- High legal rent roll of $1,360,000
- Offering price of $10,750,000 which his a near 7% cap rate, presenting a rare opportunity to acquire a stable, cash-flowing asset in a strong rental market
- https://www.youtube.com/watch?v=CFsGHjF5VdE&feature=youtu.be
Listing Contacts
Listed by NuRealty Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$705,643.00
$58,803.58/mo
Valuation Metrics
0
DSCR
6.56%
Cap Rate
6.56%
ROI
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