Curb Capital LLC
Listed by Curb Capital LLC
$825,000
349 Concord Avenue
Details
Property Type Retail, Multifamily
Square Footage 2,180
Pro-Forma Cap Rate 8.48%
Pro-Forma NOI $70,000
Price per SqFt $378
Year Built 1910
Buildings 1
Zoning M1-2
Investment Type Value Add
Ground Lease No
Vacant 3 Family Rehab / Mott Haven, Bronx
Marketing description
Investment Highlights
- Vacant 3-family building
- 3-story brick construction
- Excellent value-add / renovation opportunity
- Prime Mott Haven location
- Low annual real estate taxes of only approximately $2,143
- Ideal for investors, developers, or end-users
- Convenient access to Manhattan and public transportation
349 Concord Avenue presents a compelling opportunity to acquire a vacant multifamily asset with significant upside potential in one of the Bronx’s most dynamic neighborhoods.
Investment highlights
Located in the heart of Mott Haven, 349 Concord Avenue is a vacant 3-story brick legal 3-family building offering a prime value-add renovation opportunity. Delivered fully vacant, the property allows investors or end-users to redesign and modernize the interiors in one of the Bronx’s fastest-growing neighborhoods. Conveniently located near transportation, retail, and neighborhood amenities, the asset benefits from strong rental demand and long-term upside potential.
Section 8 / CityFHEPS Projections – ZIP Code 10454
- Studio: $2,624
- 1-Bedroom: $2,696
- 2-Bedroom: $3,027
Listing Contacts
Curb Capital LLC
Listed by Curb Capital LLC
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