700-710 Bartholdi Street, Bronx, NY 10467
- $3,000,000
- List Price
- $3,000,000
- Status
- PENDING
- MLS#
- 1007169
- Year Built
- 2012
- Acres
- 0.11
Property Description
A 20-unit, two-building multifamily investment located in the Allerton / Williamsbridge section of the Bronx. Originally constructed in 2012, the side-by-side properties operate as a single asset with a stabilized voucher-backed tenant base and benefit from a 421-a 25-Year No Cap tax exemption that materially reduces operating expenses through the remainder of the abatement period. At the asking price of $3,000,000, the offering represents a 7.66% in-place cap rate on $229,804 of NOI, with stabilized voucher rent collections and modern construction reducing both vacancy and capital expenditure risk. 3.75% assumable debt in place.
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Additional Information
- Taxes
- $6,907
- Lot Size
- 4,800
- Heating
- Baseboard
- Cooling System Type
- Wall/Window Unit(s)
- Sewer
- Public Sewer
- Water Source
- Public
Mortgage Calculator
Listing courtesy of Listing Agent: Francis J. Morris (fjm1990@gmail.com) from Listing Office: Distinguished Realty Services.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.