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Multifamily

2342 Ryer Avenue & 2263 Morris Avenue

2342 Ryer Ave, Bronx, NY 10458

Listing Price: $10,950,000

Cap Rate
5.80%
Number of Units
64
Price/Unit
$171,094
Price/Gross SF
$236.14
Gross SF
46,370

Investment Overview

The NYM Team at Marcus & Millichap is pleased to offer the following opportunity located in the prime Fordham neighborhood of the Bronx. 2263 Morris Avenue & 2342 Ryer offer investors a unique opportunity to acquire two well maintained, cash flowing walk-up buildings within walking distance to one another. Totaling 64 units across 46,370 square feet, 2261 Morris Avenue is compiled of 33 units whereas 2342 Ryer Avenue is 31 units. The properties are composed of 33 one-bedroom, 25 two-bedroom, 6 three-bedroom and are a short walk to the 4, B & D trains.

Investment Highlights

  • Unique opportunity to acquired 64 units in prime Fordham
  • Asking 5.8% cap rate or 9x GRM
  • Walking distance to the 4, B & D trains – right off the Grand Concourse

Exclusively Listed By

  • Seth Glasser

    Licensed Associate Real Estate Broker

    (212) 430-5136

    Email Seth

    License(s): NY: 10301209629

    Manhattan

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • Michael Fusco

    Licensed Real Estate Salesperson

    (212) 430-5281

    Email Michael

    License(s): NY: 10401283123

    Manhattan

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

Financing By

Multifamily

2342 Ryer Avenue & 2263 Morris Avenue

Listing Price: $10,950,000

Cap Rate
5.80%
Number of Units
64
Price/Unit
$171,094
Price/Gross SF
$236.14
Gross SF
46,370

Investment Highlights

  • Unique opportunity to acquired 64 units in prime Fordham
  • Asking 5.8% cap rate or 9x GRM
  • Walking distance to the 4, B & D trains – right off the Grand Concourse

Investment Overview

The NYM Team at Marcus & Millichap is pleased to offer the following opportunity located in the prime Fordham neighborhood of the Bronx. 2263 Morris Avenue & 2342 Ryer offer investors a unique opportunity to acquire two well maintained, cash flowing walk-up buildings within walking distance to one another. Totaling 64 units across 46,370 square feet, 2261 Morris Avenue is compiled of 33 units whereas 2342 Ryer Avenue is 31 units. The properties are composed of 33 one-bedroom, 25 two-bedroom, 6 three-bedroom and are a short walk to the 4, B & D trains.

Exclusively Listed By

  • Seth Glasser

    Licensed Associate Real Estate Broker

    (212) 430-5136

    Email Seth

    License(s): NY: 10301209629

    Manhattan

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • Michael Fusco

    Licensed Real Estate Salesperson

    (212) 430-5281

    Email Michael

    License(s): NY: 10401283123

    Manhattan

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

Financing By

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