253 E KINGSBRIDGE RD Bronx NY 10458-4408

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.

• 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

• ​Pre-war charm with historic signi昀؀cance, built in 1913, o昀؀ering a classic New York living experience
• ​Five-story walk-up with 11 rent-stabilized apartments, ensuring long-term tenants and consistent rental income
• ​Spacious 15,648 total usable square feet, providing ample living space for residents
• ​Situated in the robust Fordham/East Kingsbridge retail shopping area, giving residents convenient access to shopping and amenities
• ​Approximately 30 minutes from New York City, providing a desirable balance of urban accessibility and residential tranquility
• ​Price : $2,172,506 - $2,401,190
• ​Price per unit : $197.501 - $218,290
• ​Price per Sf : $120.31 - $132.97