Listed by Ariel Property Advisors
$5,700,000
82 Residential Units & Antenna in Highbridge
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 69,985
Units 82
Price per SqFt $81
Buildings 2
Stories 10
Lot Size (SqFt) 20,696
Zoning R7-1
Multifamily | 82 Units | $69,512/unit
Marketing description
For Sale
Investment highlights
- Two (2) walk-up buildings combining 70,000 SF and 82 residential units
- Residential unit mix consists of 1 studio, 31 one-bedrooms and 42 two-bedrooms, 7 three-bedrooms and 1 two-bedroom supers unit
- Additional income realized through antenna lease with profit-sharing agreement (please inquire for details)
- Close proximity to each other maximizing management efficiencies
- Well maintained and professionally managed multifamily buildings with 30+ year long-term ownership
- Initial support and potential for new tax benefit
- Transportation options nearby include the Major Deegan Expressway, Jerome Avenue, Bx18A, BX13 and the 4 train at 167th Street
- Within a mile of the recently renovated Highbridge Park, Bronx Lebanon Hospital, Yankee Stadium, as well as the West Bronx Recreation Center
Listing Contacts
Listed by Ariel Property Advisors
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