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 modernconstruction reducing both vacancy and capital expenditure risk. 3.75% assumable debt in place.
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Listing By
Agency Name: Distinguished Realty Services
Agency Phone: 914-629-9000
Shown By
Agency Title: Laffey Real Estate
Agency Phone: 1-888-289-6902
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700-710 Bartholdi Street , Bronx, NY 10467.
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700-710 Bartholdi Street | MLS# 1007169
This commercial property located at 700-710 Bartholdi Street , Bronx, NY 10467 is currently listed for sale with an asking price of $3,000,000. 700-710 Bartholdi Street is located within the Contact Agent school district. Search Bronx real estate on www.laffey.com today.