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Multifamily For Sale • 278,931 SF
| 278,931 gross SF portfolio across two 8-story elevator buildings. |
| Features a diverse mix of 209 residential units consisting of studios, 1-bedroom, 2-bedroom and 3-bedroom units. |
| Benefits from a 421-A tax exemption through 2033, with future potential to convert to a 420-c tax benefit. |
| 209 residential units, 6 commercial spaces totaling 24,000 SF, two garages with a total of 54 spaces and an antenna on the roof. |
| Approval for 610 amendment to the existing regulatory agreement allowing for significant revenue growth. |
| Outstanding mortgage of $23,000,000 at a highly competitive 3.80% interest rate. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Melrose Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) | 4 min | 10 min | 0.5 mi |
| Yankees-E 153rd Street Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) | 5 min | 18 min | 0.9 mi |
| Transit/Subway | Drive | Walk | Distance |
| 149 Street-Grand Concourse (2 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway)) | 2 min | 9 min | 0.5 mi |
| Melrose Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) | 4 min | 10 min | 0.5 mi |
| 3 Avenue-149 Street (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway)) | 3 min | 11 min | 0.5 mi |
| 161 Street-Yankee Stadium (4 - New York MTA Subway (The Subway), B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway)) | 3 min | 15 min | 0.8 mi |
| Yankees-E 153rd Street Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) | 5 min | 18 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 17 min | - | 7.6 mi |
| John F Kennedy International | 30 min | - | 18.8 mi |
| Newark Liberty International | 30 min | - | 23.2 mi |
Victor Sozio
Ariel Property Advisors
Victor Sozio
Ariel Property Advisors
