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1169 Hoe Ave
Bronx, NY 10459 Foxhurst

$17,000,000 USD

Apartments For Sale  •  30,548 SF

Property Details

• Property Type Apartments
• Total Building Size 30,548 SF
• Lot Size 0.17 AC
• Building Class B
• Year Built 2021
• Zoning R7-1

100 Transit Score

100 Walk Score

Highlights

2021 NEW BUILD: Cash-flowing new construction with little to no maintenance, priced below replacement cost.

SUBSTANTIAL CASHFLOW WITH UPSIDE: The property is currently grossing $1,380,000+ / year, with additional upside via rising rents, or via city, state.

421-A TAX ABATEMENT: Real estate taxes are minimal and will remain so for the next 30+ years (abatement through 2058), helping ensure long-term.

MAJORITY FREE MARKET: 68% of the residential units are free market, with the remaining 32% subject to rent stabilization via 421-a abatement.

PATH TO FULLY FREE MARKET: Rent stabilized units can be converted to free market with turnover following 421-a expiration.

Amenities

• Balcony
• Laundry Facilities
• Elevator

Public Transportation

Commuter Rail	Drive	Walk	Distance
Melrose Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North))	5 min	-	1.8 mi
Tremont Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North))	5 min	-	2.1 mi
Transit/Subway	Drive	Walk	Distance
Freeman Street (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway))	0 min	3 min	0.2 mi
Simpson Street (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway))	0 min	6 min	0.3 mi
Whitlock Avenue (6 - New York MTA Subway (The Subway))	1 min	7 min	0.4 mi
Hunts Point Avenue (6 - New York MTA Subway (The Subway))	2 min	10 min	0.6 mi
Intervale Avenue (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway))	1 min	11 min	0.6 mi
Airport	Drive	Walk	Distance
LaGuardia	17 min	-	8.0 mi
John F Kennedy International	28 min	-	18.1 mi
Newark Liberty International	30 min	-	25.0 mi