Investment Overview

THE OFFERING New York Multifamily is pleased to offer the following opportunity in the Soundview neighborhood in the Bronx. 1337 Beach Avenue is composed of eight total apartments spanning 5,104 square feet, right off the Cross Bronx Expressway & East 174 Street. This property has been self-managed and has little to no deferred maintenance. There have been significant upgrades to the boiler, rear garages and two newly renovated apartments. Asking a 6.9% cap rate, this provides investors the opportunity to take advantage of strong cash flow day one. 1337 Beach Avenue is conveniently located near the St Lawrence Av 6 train, Albert Einstein College of Medicine, Virginia Park, and Bronx Park. THE OPPORTUNITY The Opportunity: Walkup building comprised of 6 two-bedrooms and 2 one-bedroom apartments that includes two garages for parking or storage in the rear of the building The Metrics: 6.9% Cap Rate or 8x GRM allowing investors to capitalize on strong cash flow on day one. Protected Tax Class: Tax Class 2B - Assessed value cannot increase more than 8% annually or 30% over 5 years capping your overall tax exposure Convenient location: Close walking distance to the 2/5/6 subway lines, Albert Einstein College of Medicine, and Bronx Park.