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Multifamily For Sale • 335,195 SF
| 345 residential units across 11 elevator buildings totaling 334,520 gross square feet. |
| Benefits from an Article XI tax exemption at 1% of Gross Rent with a long-term expiration in 2058. |
| A recent 610 amendment to the existing regulatory agreement enables significant rental upside with current voucher tenancy at 63%. |
| Proximity to the Metro-North Harlem Line offers rapid transit to Grand Central Terminal and Westchester County. |
| Surrounded by over 100 acres of green space at Crotona Park and the historic Walter Gladwin Park. |
| Recent $5M capital improvement program including comprehensive upgrades to elevators, roofs, facades, and boilers. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Tremont Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) | 2 min | 9 min | 0.4 mi |
| Fordham Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) | 4 min | - | 1.8 mi |
| Transit/Subway | Drive | Walk | Distance |
| Tremont Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) | 2 min | 9 min | 0.5 mi |
| 174 Street (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway)) | 3 min | 15 min | 0.8 mi |
| Tremont Avenue (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway)) | 3 min | 18 min | 0.9 mi |
| West Farms Square-East Tremont Avenue (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway)) | 3 min | 18 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 20 min | - | 9.7 mi |
| John F Kennedy International | 27 min | - | 18.7 mi |
| Newark Liberty International | 27 min | - | 22.6 mi |
Victor Sozio
Ariel Property Advisors
Victor Sozio
Ariel Property Advisors
