Listed by Distinguished Realty Services
$3,000,000
700-710 Bartholdi Street
Details
APN 04600-0015
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 20
Cap Rate 7.00%
NOI $229,804
Year Built 2012
Buildings 2
Stories 20
Acreage 0.110
Zoning R6
Multifamily | 7.00% CAP | 20 Units
Marketing description
A 20-unit, two-building multifamily investment located in the Allerton / Williamsbridge section of the Bronx. Originally constructed in 2012, the side-by-side properties operate as a single asset with a stabilized voucher-backed tenant base and benefit from a 421-a 25-Year No Cap tax exemption that materially reduces operating expenses through the remainder of the abatement period. At the asking price of $3,000,000, the offering represents a 7.66% in-place cap rate on $229,804 of NOI, with stabilized voucher rent collections and modern
construction reducing both vacancy and capital expenditure risk. 3.75% assumable debt in place.
Listing Contacts
Listed by Distinguished Realty Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$229,804.00
$19,150.33/mo
Valuation Metrics
0
DSCR
7.66%
Cap Rate
7.66%
ROI
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