Listed by RM Friedland
$3,295,000
2700 Kingsbridge Terrace
Details
APN 03253-0020
Property Type Multifamily
Sub Type Apartment Building
Square Footage 37,000
Units 43
Cap Rate 10.20%
NOI $335,736
Price per SqFt $89
Year Built 1930
Stories 6
Lot Size (SqFt) 9,375
Zoning R6
Investment Type Stabilized
Multifamily | 43 Units | $77,000/unit
Marketing description
2700 Kingsbridge Terrace, the Bronx - Presenting This 43-unit, Elevator-serviced Apartment Building Located at 2700 Kingsbridge Terrace in the Bronx’s Kingsbridge Heights Neighborhood. Constructed in 1930 and Spanning Approximately 37,000 Square Feet, the Five-story, Semi-fireproof Brick Building Sits
On a 75 Ft X 125 Ft Parcel Within an R6 Zoning District.
The Property Features a Stately Brick Arch Entrance Framing a Steel and Glass Entry Door, Leading Into a Spacious Lobby With Large-format Tile Flooring. Common Areas Retain Original Tilework, While the Steel and Marble Stairwells Provide Access Throughout. The Elevator Cab is Finished in Stainless Steel. Heating is Supplied by a Gas-fired Boiler With a Dual-fuel Capable Burner and a 5,000-gallon Backup Oil Tank.
The Building’s Efficient Unit Mix, Consisting of Studios, One-bedrooms, and Two-bedrooms, Supports Steady Tenant Demand in This Residential Pocket of the Northwest Bronx.
Residents Benefit From Proximity to Multiple Train Stations (Serving the 1 and 4 Trains as Well as the Metro-north) as Well as Numerous Local Conveniences Along Kingsbridge Road and Broadway. Nearby Amenities Include Grocery Stores, Pharmacies, Dining Options, and Educational and Medical Institutions.
Investment highlights
- Building Details
- 43 Total Units
- 43 Residential Apartments
- No Commercial Units
- 1 Building, 5 Stories, Built 1930
- Elevator Apartment - Semi-fireproof Without Stores (D1)
- Building Size/sf
- 75 Ft X 105 Ft
- 37,000 Gross Sf
- No Sf With Non-residential Use
- Avg. Apartment Size = 757 Sf
- Est. 12% Common Area
- Parcel Size & Zoning
- 9,375 Square Feet
- 75 Ft X 125 Ft
- R6 Zone
- Max Far: 2.43 - 4.80 (Cf)
- Video Link: https://www.youtube.com/watch?v=DpBgEaYHjlg&feature=youtu.be
Listing Contacts
Listed by RM Friedland
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$335,736.00
$27,978.00/mo
Valuation Metrics
0
DSCR
10.19%
Cap Rate
10.19%
ROI
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