- Photos
- 1 of 15
Multifamily For Sale • 12,480 SF
| 11 Free Market Units - New Construction in the Pelham Bay section of the Bronx |
| The subject deal consists of two walk up brick apartment buildings |
| Given that the 421A tax abatement has expired, once a tenant leaves the unit will become free market allowing you to bring the rent up |
| The building has a ton of future upside, allowing you to increase the rent roll significantly |
| The buildings are in 2-minute walking distance from the pelham Bay Park subway station (6) |
| Cap Rate: | 10.59 % |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Williams Bridge Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) | 8 min | - | 3.4 mi |
| Botanical Garden Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) | 10 min | - | 4.6 mi |
| Transit/Subway | Drive | Walk | Distance |
| Pelham Bay Park (6 - New York MTA Subway (The Subway)) | 0 min | 8 min | 0.1 mi |
| Buhre Avenue (6 - New York MTA Subway (The Subway)) | 1 min | 13 min | 0.6 mi |
| Middletown Road (6 - New York MTA Subway (The Subway)) | 1 min | 19 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 18 min | - | 9.5 mi |
| John F Kennedy International | 24 min | - | 17.1 mi |
| Westchester County | 31 min | - | 20.6 mi |
Jared Friedman
Investment Property Realty Group
Jared Friedman
Investment Property Realty Group
