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Multifamily

Purdy Street Portfolio

1321 Purdy St, Bronx, NY 10462

Listing Price: $5,700,000

Cap Rate
5.20%
Number of Units
24
Price/Unit
$237,500
Price/Gross SF
$264.67
Gross SF
21,536

Investment Overview

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.

Investment Highlights

  • 24 units across 3 buildings – built in 2004 with no tax abatement Statutorily free market buildings with minimal violations
  • 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

Exclusively Listed By

Financing By

Multifamily

Purdy Street Portfolio

Listing Price: $5,700,000

Cap Rate
5.20%
Number of Units
24
Price/Unit
$237,500
Price/Gross SF
$264.67
Gross SF
21,536

Investment Highlights

  • 24 units across 3 buildings – built in 2004 with no tax abatement Statutorily free market buildings with minimal violations
  • 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

Investment Overview

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.

Exclusively Listed By

Financing By

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