- Photos
- 1 of 4
Apartments For Sale • 18,920 SF
| Rare opportunity to acquire a 26 unit majority free market building on the East side of Grand Concourse, between 173rd Street & 174th Street. |
| Value-add potential upon lease turnover as free market rents are below the current Section 8 subsidy standards. |
| New subsidy payment standards totaling $2,762 for one (1) bedroom apartments & $3,058 for two (2) bedroom apartments. |
| Unit breakdown is comprised of eighteen (18) 1-bedroom apartments and eight (8) 2-bedroom apartments. |
| Transportation is in abundance with quick access to the 174-175th Streets Subway station, offering direct access to the B and D lines. |
| Benefits from a vibrant environment with a diverse mix of national and local businesses, including supermarkets, schools, and medical institutions. |
| Cap Rate: | 7.53 % |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Tremont Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) | 4 min | 15 min | 0.8 mi |
| Melrose Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) | 6 min | - | 2.0 mi |
| Transit/Subway | Drive | Walk | Distance |
| 174-175 Streets (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway)) | 2 min | 3 min | 0.1 mi |
| Mt Eden Avenue (4 - New York MTA Subway (The Subway)) | 3 min | 6 min | 0.3 mi |
| 170 Street (B,D Line) (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway)) | 3 min | 8 min | 0.4 mi |
| 176 Street (4 - New York MTA Subway (The Subway)) | 2 min | 8 min | 0.4 mi |
| 170 Street (4 Line) (4 - New York MTA Subway (The Subway)) | 4 min | 12 min | 0.6 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 21 min | - | 9.7 mi |
| John F Kennedy International | 33 min | - | 20.1 mi |
| Newark Liberty International | 28 min | - | 22.3 mi |
Daniel Mahfar
Ariel Property Advisors
Daniel Mahfar
Ariel Property Advisors
