Multifamily
2342 Ryer Avenue & 2263 Morris Avenue
2342 Ryer Ave, Bronx, NY 10458
Listing Price: $10,950,000
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.
Listing Price: $10,950,000
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.
