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Apartments For Sale • 56,455 SF
| This 58-unit walk-up building comprises 1 studio,19 one-bedroom, 28 two-bedroom, 9 three-bedroom and one four-bedroom apartments |
| 8.2% Cap Rate | 4.4x GRM | $74,138 Per Unit | $76 Per Sqft |
| The bldg offers investors a steady annual plus the upside of $303,298 in preferential rents, which owners can capitalize upon vacancy |
| Five currently uninhabitable basement units are included in the CO. |
| Renovating these legal apartments offers immediate upside potential for rental income. |
| 2525 Morris Avenue is well located, close to St. James Park, Monroe University, and the Fordham B & D Trains |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Fordham Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) | 2 min | 11 min | 0.6 mi |
| University Heights Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) | 4 min | 19 min | 1.0 mi |
| Transit/Subway | Drive | Walk | Distance |
| Fordham Road (4 Line) (4 - New York MTA Subway (The Subway)) | 1 min | 4 min | 0.2 mi |
| Kingsbridge Road (4 Line) (4 - New York MTA Subway (The Subway)) | 2 min | 6 min | 0.3 mi |
| Fordham Road (B,D Line) (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway)) | 2 min | 6 min | 0.3 mi |
| Kingsbridge Road (B,D Line) (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway)) | 3 min | 9 min | 0.4 mi |
| 183 Street (4 - New York MTA Subway (The Subway)) | 2 min | 10 min | 0.5 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 22 min | - | 11.1 mi |
| John F Kennedy International | 32 min | - | 21.1 mi |
| Westchester County | 37 min | - | 23.2 mi |
Seth Glasser
Marcus & Millichap
Seth Glasser
Marcus & Millichap
