Listed by Safdie Realty Group
$2,800,000
1684 GRAND AVE BRONX NY 10453
Details
APN 02867-0024
Property Type Multifamily
Square Footage 4,022
Units 10
Cap Rate 8.74%
NOI $244,650
Occupancy 70%
Pro-Forma Cap Rate 9.21%
Pro-Forma NOI $257,976
Price per SqFt $696
Year Built 1930
Year Renovated 2019
Buildings 1
Stories 3
Lot Size (SqFt) 2,500
Zoning R7-1
Investment Type Value Add
Morris Heights Bronx Multifamily For Sale
Marketing description
- Tax Class 2B
- Strong In Place CAP Rate
- Additional 5,975 Buildable Air Rights
Investment highlights
Safdie Realty Group has been exclusively retained to sell 1684 Grand Avenue. The subject property is located between West 176th Street & West 174th Street in Morris Heights, Bronx. The property offers ten apartments each consisting of Studio, 2 & 1 bathroom layouts. The property is located a short walk away from the 4 subway line.
Listing Contacts
Listed by Safdie Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$244,650.00
$20,387.50/mo
Valuation Metrics
0
DSCR
8.74%
Cap Rate
8.74%
ROI
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