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 modernconstruction reducing both vacancy and capital expenditure risk. 3.75% assumable debt in place.
| MLS # | 1007169 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Pending |
| Year | 2012 |
| Days On Site | 163 |
| Listing Provided By | Distinguished Realty Services | Francis J. Morris |
| SQ Feet | 13,756 |
|---|---|
| Story(s) | 4 |
| Units | 20 |
| Building(s) | 2 |
| Zoning | R6 |
| Acreage | 0.11 |
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard |
| Construction Materials | Brick |
|---|
| Parking Features | Driveway |
|---|
| Utilities | Cable Available |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 6907 |
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10467 |
| Listing VS Median (in 10467) | |
Price: $3,000,000 low | high Med: $240,500 sqft: 13,756 low | high Med: 753 $ / sqft: $218 low | high Med: $319 On site: 163 low | high Med: 157 | |
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10467 |
| Listing VS Median (in 10467) | |
Price: $3,000,000 low | high Med: $240,500 sqft: 13,756 low | high Med: 753 $ / sqft: $218 low | high Med: $319 On site: 163 low | high Med: 157 | |