Listed by Ariel Property Advisors
$3,300,000
724-728 E 187th St
Details
Property Type Multifamily, Mixed Use
Sub Type Apartment Building, Commercial
Square Footage 28,000
Units 40
Cap Rate 8.61%
Price per SqFt $118
Stories 5
Lot Size (SqFt) 7,000
Zoning R7-1
Multifamily | 40 Units | $82,500/unit
Marketing description
For Sale
Investment highlights
- Located on the Southeast corner of 187th Street & Crotona Avenue
- Unit breakdown is comprised of one (1) studio apartment, twenty-one (21) 1-bedroom apartments, eight (8) 2-bedroom apartments, five (5) 3-bedroom apartments, and five (5) commercial units
- Within a short walk to prime Little Italy Belmont, St. Barnabas Hospital, Fordham University, & E Fordham Road Commercial District
- Few blocks from the famous Arthur Avenue, offering immediate access to popular eateries in the heart of The Bronx’s Little Italy
- Major retailers in the area include national brands Best Buy, Dollar Tree, Starbucks, and Chipotle
- The building’s close proximity to Fordham University makes it a natural destination for the area’s many students seeking quality housing options
- Midtown Manhattan & Westchester County can be reached within a 30 minute train ride from the Fordham Metro North Station
- GRM: 4.91
Listing Contacts
Listed by Ariel Property Advisors
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