Listed by NuRealty Advisors
$2,900,000
2310 Creston Avenue, Bronx
Details
APN 03164-0005
Property Type Multifamily
Sub Type Apartment Building
Square Footage 36,930
Units 37
Cap Rate 8.13%
NOI $235,843
Occupancy 100%
Tenancy Multi
Price per SqFt $79
Class C
Year Built 1941
Stories 6
Lot Size (SqFt) 7,501
Zoning R8
Investment Type Value Add
Ownership Fee Simple
2310 Creston Avenue, New York City, NY 10468
Marketing description
NuRealty Advisors Inc. is proud to present the exclusive listing of 2310 Creston Avenue, Bronx, NY 10468. Family-owned and operated for over 40 years, 2310 Creston Avenue is a well-maintained brick multifamily building located in a desirable residential neighborhood of the Bronx. The property features spacious apartment layouts, solid brick construction, and convenient access to NYC subway transportation.
The building has benefited from recent improvements, including the installation of new gas lines, noting no further CapEx required. Priced at $78K Per Unit, Gross Rent Multiple of 5.22 and a 8.13% Cap Rate. A rare opportunity with these matrix!
Investment highlights
- 37 residential units
- SOLID brick construction
- Spacious apartment layouts
- Close to nyc subway transportation
- Value-add opportunity
- Family-owned and operated for over 40 years
- New gas lines installed, no further CAPEX required
- $2,900,000
- $78k per unit
- 5.22 rent gross multiple
- 8.13% cap rate
- Unit mix
- 1 - studio
- 30 - one-bedroom units
- 6 - two-bedroom units
- Submarket jerome park
- Building far 4.92
Listing Contacts
Listed by NuRealty Advisors
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$235,843.00
$19,653.58/mo
Valuation Metrics
0
DSCR
8.13%
Cap Rate
8.13%
ROI
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