H&S Portfolio - 29 Bulk Unsold Shares in 7 Co-Op Buildings
Multifamily | 724 Units
Marketing description
RM Friedland is proud to present the H&S Portfolio: (29) bulk unsold sponsor-owned cooperative shares across seven modern, exceptionally well-maintained, elevatored co-op apartment buildings in the New York Metro area. RM Friedland has been retained on an exclusive basis by ownership to act as advisor and agent in arranging the sale of this package.
The portfolio is diversified across several of Westchester’s and the Bronx’s most desirable sub markets, with holdings in Northeast Yonkers, Riverdale, Port Chester, and New Rochelle. Each building is professionally managed, elegantly appointed, and strategically positioned in a densely populated corridor bordering New York City, with convenient access to multiple forms of public transportation, shopping, and area amenities.
Opportunities of this caliber are extremely rare in the region. There is currently an acute shortage of prime, high-quality multi-family assets for sale in the New York Metro area, and very few packages of this size and quality ever trade.
In total, the offering comprises (29) units of varying layouts spread over (7) exceptionally maintained large cooperative buildings. A breakdown of the tenants shows (1) rent-controlled tenancy and (28) rent-stabilized tenants. As sponsor owned units, upon vacancy, each of the units/shares can be sold on the open market with process ranging from $210-$350 per square foot offering significant value-add upside.
Investment highlights
377 Westchester Avenue Port Chester, Ny
- Section Block & Lot: 134.77-1-53
- Status: (1) Rs
- Lot Size: 1.18 Acres | 51,401 Sf
- Stories: 7
- Total Building Units: 91
- Units: 1
- Unit Type: 1br/1 BA
- Parking: 1spot
- Total Shares: 483
629 Καρροck Street Riverdale, Ny
- Section Block & Lot: 5725-0776
- Status: (1) Rc, (2) Rs
- Lot Size: 1.82 Acres 179,279 Sf
- Stories: 7
- Total Building Units: 96
- Units: 6
- Unit Types: (1) 2 Br/2 BA , (4) 2 Br/1 BA , (1) Studio
- Parking: No
- Total Shares: 1.477
1101 Midland Avenue Yonkers, Ny
- Section Block & Lot: 5-5378-125
- Status: (8) Rs
- Lot Size: 3.47 Acres | 151,153 Sf
- Stories: 4
- Total Building Units: 151
- Units: 8
- Unit Types: (1)1br/1 BA (5) 2 Br/1 BA (1) 2 Br/2 BA (1) Studio
- Parking: No
- Total Shares: 5,639
- Year Built: 1970
333 Bronx River Road Yonkers, Ny
- Section Block & Lot: 6-6307-150
- Status: (6) Rs
- Lot Size: 2.98 Acres | 129,089 Sf
- Stories: 7
- Total Building Units: 163
- Units: 6
- Unit Types: (1) 2 Br/2 BA (4) 2 Br/1 BA (1)1br/1 BA
- Parking: No
- Total Shares: 2,202
555 Bronx River Road Yonkers, Ny
- Section Block & Lot: 5-5222-29
- Status: (2) Rs
- Lot Size: 1.13 Acres | 49,336 Sf
- Stories: 7
- Total Building Units: 101
- Units: 2
- Unit Type: (2)1 Br/1 BA
- Parking: 1 Spot
- Total Shares: 1,186
575 Bronx River Road Yonkers, Ny
- Section Block & Lot: 5-5222-23
- Status: (3) Rs
- Lot Size: .92 Acres | 40,075 Sf
- Stories: 8
- Total Building Units: 73
- Units: 3
- Unit Types: (1)2 Br/2 BA (1)2 Br/1BA (1)1br/1 BA
- Parking: No
- Total Shares: 2,093
- Year Built: 1964
30 Clinton Place New Rochelle, Ny
- Section Block & Lot: 1-212-71
- Status: (1) RC, (2) RS
- Lot Size: .35 Acres | 15,246 SF
- Stories: 6
- Total Building Units: 49
- Units: 3
- Unit Types: (2) 2 BR/2 BA (1) 1 BR/1 BA
- Parking: No
- Total Shares: 1,186
- Year Built: 1938
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