Listed by Ariel Property Advisors
$3,500,000
1592-1600 University Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Units 64
Cap Rate 9.69%
Price per SqFt $60
Stories 10
Lot Size (SqFt) 15,766
Zoning R7-1
Multifamily | 64 Units | $54,688/unit
Marketing description
For Sale
Investment highlights
Located on the East side of University Avenue, off the corner of Featherbed Lane
Unit breakdown is comprised of twenty-one (21) 1-bedroom apartments, thirty-seven (37) 2-bedroom apartments, and six (6) 3-bedroom apartments
Abundance of national/local commercial tenants are accessible for residents on E Tremont Avenue, 170th Street, & Jerome Avenue
In close proximity to supermarkets, local eateries, schools & medical institutions
Transportation is in abundance surrounding the buildings as the properties are located in close proximity 4/B/D subway lines & the Bx3/36 bus stop is direct
Listing Contacts
Listed by Ariel Property Advisors
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