Listed by RIPCO Real Estate
$1,600,000
253 E Kingsbridge Rd
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,048
Units 11
Cap Rate 8.30%
NOI $132,460
Price per SqFt $88
Year Built 1913
Year Renovated 2002
Stories 5
Lot Size (SqFt) 3,875
Zoning R8
Multifamily | 11 Units | $145,454/unit
Marketing description
Ripco real estate has been retained on an exclusive basis to arrange for the sale of 253 east Kingsbridge road Bronx, NY (the 'property'). The property is a five-story multifamily building located in the Fordham section of the Bronx. This well-positioned asset features large three-bedroom layouts and benefits from strong neighborhood demand, excellent transit access, and proximity to major institutional anchors. The property offers investors a stable, cash-flowing multifamily opportunity with long-term upside supported by favorable zoning and a highly resilient rental market.
Investment highlights
- Well-maintained 5-story multifamily building: offers stable performance and an attractive unit layout that consistently resonates with renters in the fordham market.
- Strong in-place cash flow: the property generates steady existing income with the Opportunity to enhance returns through market rent Adjustments.
- Prime Fordham location with deep tenant demand: located just off Kingsbridge road between e192nd & e 194th streets, the property benefits from dense Residential demand, nearby retail corridors, and strong Neighborhood fundamentals.
- Excellent transit access: 7-minute walk to the b & d subway lines, a key factor Driving long-term tenant retention.
- Proximity to Fordham university: easy access to Fordham university, a major institutional Anchor contributing to strong, diversified demand from Students, faculty, staff, and local workforce populations.
- Lot Dimensions: 38.08' x 101.75'
- Building Dimensions: 38' x 82'
- Walk-Up / Elevator: Walk-Up
Listing Contacts
Listed by RIPCO Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$132,460.00
$11,038.33/mo
Valuation Metrics
0
DSCR
8.28%
Cap Rate
8.28%
ROI
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