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Multifamily

64 Sherif S Byrd Pl

64 Sherif S Byrd Pl, The Bronx, NY 10452

Listing Price: $4,500,000

Cap Rate
6.00%
Number of Units
38
Price/Unit
$118,421
Price/Gross SF
$119.68
Gross SF
37,600

Investment Overview

New York Multifamily is pleased to offer the following opportunity located in the Highbridge submarket of The Bronx. 64 Jesup Place is a 38-unit walk-up building located on the corner of Jesup and Sheriff S Byrd Place with a unit mix of 20 one bedroom and 18 two-bedroom units. 64 Jesup has been owned and operated by the same family since the late 1990s. This meticulously maintained, corner property is conveniently located in close proximity to the 170th Street 4 train.

Investment Highlights

  • The Opportunity: Corner walk-up building in Highbridge comprised of 38 units. The Metrics: 6.0% Cap Rate or 8.0x GRM allowing investors to capitalize on strong cashflow day one.
  • Stabilization: 100% Rent stabilized with an average rent of $1,228 with future upside to increase rents upon vacancy turnover.
  • Preferential Rents: Offering investors upside, Jesup has $104,867 of preferential rents annually across 34 of the 38 units.

Exclusively Listed By

Multifamily

64 Sherif S Byrd Pl

Listing Price: $4,500,000

Cap Rate
6.00%
Number of Units
38
Price/Unit
$118,421
Price/Gross SF
$119.68
Gross SF
37,600

Investment Highlights

  • The Opportunity: Corner walk-up building in Highbridge comprised of 38 units. The Metrics: 6.0% Cap Rate or 8.0x GRM allowing investors to capitalize on strong cashflow day one.
  • Stabilization: 100% Rent stabilized with an average rent of $1,228 with future upside to increase rents upon vacancy turnover.
  • Preferential Rents: Offering investors upside, Jesup has $104,867 of preferential rents annually across 34 of the 38 units.

Investment Overview

New York Multifamily is pleased to offer the following opportunity located in the Highbridge submarket of The Bronx. 64 Jesup Place is a 38-unit walk-up building located on the corner of Jesup and Sheriff S Byrd Place with a unit mix of 20 one bedroom and 18 two-bedroom units. 64 Jesup has been owned and operated by the same family since the late 1990s. This meticulously maintained, corner property is conveniently located in close proximity to the 170th Street 4 train.

Exclusively Listed By

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