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Multifamily

2230 Tiebout Ave

2230 Tiebout Ave, The Bronx, NY 10457

Listing Price: $4,390,000

Cap Rate
4.60%
Number of Units
41
Price/Unit
$107,073
Price/Gross SF
$117.82
Gross SF
37,260

Investment Overview

Marcus & Millichap is pleased to offer the following opportunity located in the Tremont neighborhood of the Bronx. 2230 Tiebout Avenue a 41-unit elevator building located on the corner of East 182nd Street and Tiebout Avenue, three blocks off the Grand Concourse. Being a short walk from the Grand Concourse, this is a unique opportunity for investors to acquire a well maintained, art deco elevator building in the North Bronx. 2230 Tiebout Avenue has been owned and operated under the same family for over 60 years.

Investment Highlights

  • 41-unit art deco elevator building – built in 1937
  • Generational Ownership: Family owned since 1970 Asking $107,073 /unit or $118/sf
  • Walking distance to the Grand Concourse B & D trains Located in qualified opportunity zone

Exclusively Listed By

Multifamily

2230 Tiebout Ave

Listing Price: $4,390,000

Cap Rate
4.60%
Number of Units
41
Price/Unit
$107,073
Price/Gross SF
$117.82
Gross SF
37,260

Investment Highlights

  • 41-unit art deco elevator building – built in 1937
  • Generational Ownership: Family owned since 1970 Asking $107,073 /unit or $118/sf
  • Walking distance to the Grand Concourse B & D trains Located in qualified opportunity zone

Investment Overview

Marcus & Millichap is pleased to offer the following opportunity located in the Tremont neighborhood of the Bronx. 2230 Tiebout Avenue a 41-unit elevator building located on the corner of East 182nd Street and Tiebout Avenue, three blocks off the Grand Concourse. Being a short walk from the Grand Concourse, this is a unique opportunity for investors to acquire a well maintained, art deco elevator building in the North Bronx. 2230 Tiebout Avenue has been owned and operated under the same family for over 60 years.

Exclusively Listed By

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