2323 Cambreleng Avenue
Multifamily | 8% Cap | $109 PSF
Marketing description
The Property is located in the Belmont neighborhood of the Bronx, a well established residential enclave known for its dense population, strong neighborhood retail, convenient mass transit, and proximity to the Arthur Avenue corridor, Bronx Zoo, Botanical Gardens, and Fordham University. Belmont has long served as one of the Bronx’s most vibrant neighborhoods, anchored by historic destination restaurants, unique geographic positioning, diverse population, and economic development in the area. 2323 Cambreleng Avenue is conveniently positioned near several major transportation options including the B and D subway lines along Grand Concourse and the Metro-North Fordham station, providing direct connection to Manhattan and the greater New York City region. Located within one of the Bronx most recognizable and culturally rich neighborhoods, the Property provides investors with an opportunity to acquire an asset in a growing residential area with strong transit accessibility, and attributes that indicate positive long-term investment.
Investment highlights
#1 Favorable Tax Classification | Class 2B protected
#2 Emerging Residential Market | Positioned in Belmont neighborhood experiencing significant residential development
#3 Established Mass-Transit Options | Property is well served by local bus-routes, stations with ease. connecting residents to major train and subway
#4 In-Place Cash Flow | Stable income occupied with 8 rent stabilized, 2-bedroom 1-bathroom units
#5 Famous Bronx Corridor | Steps away from the Arthur Avenue Retail Market, and within walking distance from the Bronx Zoo and New York Botanical Garden
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