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1967-1971 Marmion Ave
Bronx, NY 10460 East Tremont

$10,750,000 USD

Apartments For Sale • 51,520 SF

Property Details

Property Type Apartments
Total Building Size 51,520 SF
Lot Size 0.54 AC
Building Class C
Year Built 1926
Cap Rate 6.56 %
Zoning C4-4A

98 Transit Score

92 Walk Score

                
                    Highlights
                
                                Assumable Mortgage of $7.4M with 3.43% Interest Rate based on Interest Only Payments.  Three Years Remaining
                            
                                Cash-on-Cash Return of 9% to 11% with Loan Assumption 
                            
                                High Legal Rent Roll of $1,360,000

Property Flyers

1967-1971 Marmion Ave - Financial Analysis

Financial Summary (Actual)

Net Operating Income: $705,643 USD (2024)

Cap Rate:	6.56 %
Total Expenses:	$481,052 USD

Amenities

24 Hour Access
Controlled Access
Tenant Controlled HVAC
Heating
Smoke Free
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Freezer
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Tremont Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North))	3 min	14 min	0.7 mi
Fordham Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North))	5 min	-	1.8 mi
Transit/Subway	Drive	Walk	Distance
West Farms Square-East Tremont Avenue (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway))	2 min	10 min	0.5 mi
174 Street (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway))	2 min	10 min	0.5 mi
Tremont Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North))	3 min	15 min	0.7 mi
East 180 Street (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway))	3 min	17 min	0.8 mi
Freeman Street (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway))	2 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
LaGuardia	19 min	-	8.9 mi
John F Kennedy International	30 min	-	18.0 mi
Westchester County	38 min	-	24.0 mi

Michael Nukho 914-670-7065 NuRealty Advisors, Inc.

1967-1971 Marmion Ave Bronx, NY 10460 East Tremont