1115 Intervale, Bronx, NY 10459

Introducing a one-of-a-kind investment opportunity at Intervale Senior Housing located at 1115 Intervale Avenue, Bronx, NY. Built in 2015, this 55+ Senior Housing Community tax-credit deals offers 48 units with an average rent of $815 per unit. The property features an elevator apartment building with a strategic location between East 169th Street & East 167th Street. Key highlights include a tax credit deal and potential upside through leasing to program tenants that meet the age requirement. The Desirable loan assumption required includes a subordinate loan of $3,120,000 @ only 1.0% with a maturity in 2042 and senior debt of $606,524 @5.35%.

With an average rent of $815 per month, a key highlight is potential upside through leasing the units to program tenants that meet the age requirement.

Priced at $5,226,524, offering $1.5M above existing mortgages, this property presents a lucrative investment with a strong financial profile. Don't miss out on this exclusive opportunity to own a prime piece of real estate in the vibrant Bronx neighborhood using only minimal cash and assuming a great loan.