915 Eagle Avenue
100% occupied | 8.8% cap rate
Marketing description
Presenting 915 Eagle Ave, a rare opportunity to acquire a fully stabilized, 10-unit multi-family property in the heart of the Bronx. Built in 2018, this newer construction building offers immediate cash flow with 100% occupancy and a strong NOI at $190K - yielding a 8.8% cap rate. Property features 4 studio units, 5 one-bedroom/one-bathroom units, and 1 two-bedroom/two-bathroom unit totaling 6,762 SF. All units feature hardwood floors and full kitchens, appealing to a broad tenant base with consistent rental demand. Additional benefits include a 35-year 421-a Real Estate Tax Abatement, providing significant tax savings and enhancing investment returns. Perfect for 1031 exchange investors seeking turnkey, cash-flowing assets with tax advantages. Rare find in today's market.
Investment highlights
- Fully stabilized
- 10-unit multi-family property in the heart of the Bronx
- Built in 2018
- NOI at $190K
- 8.8% cap rate
- 4 studio units
- 5 one-bedroom/one-bathroom units
- 1 two-bedroom/two-bathroom
- Total of 6,762 SF
- 35-year 421-a Real Estate Tax Abatement
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