Multi Family 5+ in Bronx County
| MLS Number | 1007169 |
|---|---|
| Address | 700-710 Bartholdi Street, Bronx, NY 10467 show map |
| Price | $3,000,000 show mortgage calculator |
| Acres | 0.11019283746556 |
| Year Built | 2012 |
| Est. Sq. Footage | 0 |
| Elementary School | |
| Jr High-Middle School | |
| High School | |
| Estimated Taxes | $6,907 |
| Total Apt Units | 20 |
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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