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.
Listing By
Agency Name: Distinguished Realty Services
Agency Phone: 914-629-9000
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. C.B. Choice Properties, INC. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
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.coldwellbankerchoice.com today.