Off Market Rental Building for Sale in Bronx, New York, Free Market two bedrooms, Tax abatement for 35 years
- 25-unit brand new 7 stories construction (Certificate of Occupancy in April 2020) in University Heights, Bronx, NY
- 25 two bedroom FREE MARKET apartments, each one can be rented for $ 2,200
- 4 units per floor
- Elevator
- Kitchens with white quarts counter tops
- Two Stores, each one can be rented for $ 2,200
- 12 parking spaces – each can be rented for $ 250
- 20,000 SF
- Steps from Subway line # 4
- Close to Fordham University
- Total Projected Gross rental income: $ 748,800
- Real Estate Taxes: Tax abatement/zero taxes for 35 Years!
- Seller can provide management of the building
- Perfect for 1031 exchange
- Projected CAP: 6.3%
- Asking Price: $ 11,000,000
Property Id : 1026
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