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Multifamily

Purdy Street Portfolio

1321 Purdy St, Bronx, NY 10462

Listing Price: $4,995,000

Cap Rate
5.60%
Number of Units
24
GRM
10.58
Price/Unit
$208,125
Price/Gross SF
$231.94
Gross SF
21,536

Investment Overview

THE OFFERING

The NYM Group at Marcus & Millichap is pleased to offer the following opportunity located in the Parkchester neighborhood of the Bronx. 1321,1323 & 1325 Purdy Street provides investors with a unique opportunity to acquire a meticulously maintained, fully free market property in the Bronx from the original builder. Located on a quiet, tree lined block off Westchester Ave, these buildings are a short walk to the Castle Hill Avenue 6 train. All three properties were not built with any tax abatement program and therefore are statutorily free market with tenants being responsible for paying heat & hot water.

THE OPPORTUNITY
24 units across 3 buildings – built in 2004 with no tax abatement – 100% FREE MARKET
Owned by original builder – first time on market since 2004
Tenants pay for own heat & hot water - $0 landlord responsibility
Not subject to Local Law 1 – No Lead
Walking distance to the Castle Hill 6 train
ALL BUILDINGS CAN BE OFFERED INDIVIDUALLY, PLEASE INQUIRE FOR PRICING GUIDANCE

Investment Highlights

  • 24 units across 3 buildings – built in 2004 with no tax abatement – 100% FREE MARKET
  • Tenants pay for own heat & hot water - $0 landlord responsibility
  • ALL BUILDINGS CAN BE OFFERED INDIVIDUALLY, PLEASE INQUIRE FOR PRICING GUIDANCE

Exclusively Listed By

Financing By

Multifamily

Purdy Street Portfolio

Listing Price: $4,995,000

Cap Rate
5.60%
Number of Units
24
GRM
10.58
Price/Unit
$208,125
Price/Gross SF
$231.94
Gross SF
21,536

Investment Highlights

  • 24 units across 3 buildings – built in 2004 with no tax abatement – 100% FREE MARKET
  • Tenants pay for own heat & hot water - $0 landlord responsibility
  • ALL BUILDINGS CAN BE OFFERED INDIVIDUALLY, PLEASE INQUIRE FOR PRICING GUIDANCE

Investment Overview

THE OFFERING The NYM Group at Marcus & Millichap is pleased to offer the following opportunity located in the Parkchester neighborhood of the Bronx. 1321,1323 & 1325 Purdy Street provides investors with a unique opportunity to acquire a meticulously maintained, fully free market property in the Bronx from the original builder. Located on a quiet, tree lined block off Westchester Ave, these buildings are a short walk to the Castle Hill Avenue 6 train. All three properties were not built with any tax abatement program and therefore are statutorily free market with tenants being responsible for paying heat & hot water. THE OPPORTUNITY 24 units across 3 buildings – built in 2004 with no tax abatement – 100% FREE MARKET Owned by original builder – first time on market since 2004 Tenants pay for own heat & hot water - $0 landlord responsibility Not subject to Local Law 1 – No Lead Walking distance to the Castle Hill 6 train ALL BUILDINGS CAN BE OFFERED INDIVIDUALLY, PLEASE INQUIRE FOR PRICING GUIDANCE

Exclusively Listed By

Financing By

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