Can best be valued by the following comparable Bronx multifamily apartment building sales:
valuing this 85 unit portfolio at up to $28,560,000.
5 Building Portfolio Including 2 Elevatored and 3 Walk up Apartment Buildings with
Seller will accept $25,500,000 if closed ‘As Is’ unconditional, in 30 days. 85 Apartments
260 Rooms ; Plus 8+ community facility offices = 93 Units Total ; 64,693 Total Square Feet
1 Can be DELIVERED VACANT at Closing and 4 Buildings Already Double Net Leased.
Residential Layout: 85 Apartments Total Consisting of 24 Studios, 32 One Bedrooms and 29 Two Bedroom Apartments.
5 Newly Built Apartment Buildings Portfolio Package:
- Building 1, built 2014, 20 Apartments + 1 to 3 community facility offices + parking, 13,080 SF.
- Building 2, built 2015, 8 Apartments, 6,838 SF.
- Building 3, built 2013, 10 Apartments + Ground Floor Basement Office, 8,779 SF
- Building 4, built 2019, Elevatored. 22 Apartments + 1 office + recreation/community facility office parking, 16,512 SF.
- Building 5, built 2019, Elevatored. 25 Apartments + 2 community, Combined total: 64,693 Total Square Feet Recession-Proof:
- With up to 80,000 homeless New Yorkers the safest investment is residential multifamily master leased to a homeless shelter operator.
New Rent Law Friendly:
- 6 of these buildings are free-market. According to the seller’s attorney, only buildings with tax abatement require DHCR rent stabilization registration. 6 brand newly built buildings are fully taxed unabated.
When can you join me for an external drive-by tour and strategize on purchase together?
For more Info Contact Danny Odato : contraabc@yahoo.com
