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Mixed-Use

2086 Valentine Avenue

2086 Valentine Ave, The Bronx, NY 10457

Listing Price: $15,000,000

Cap Rate
6.70%
Number of Units
50
Occupancy
96.0%
Price/Unit
$300,000
Price/Gross SF
$391.60
Gross SF
38,304

Investment Overview

Marcus & Millichap is pleased to offer 2086 Valentine Avenue, located between East 180th & East 181st Street in the Tremont neighborhood of the Bronx. The property offers investors the unique opportunity to acquire a newly constructed, lead-free, nine-story, 49-unit, mixed-use elevator building. Spanning 38,304 sq. ft., Valentine Avenue is comprised of all two-bedroom apartments and benefits from the City’s 35-year 421A Tax abatement program with an annual tax bill of just $3,000. The property is in close proximity to key amenities and institutions including the 4, B, D subway lines, St. Barnabas Hospital, Fordham Fordham University and three blocks off the Grand Concourse.

Investment Highlights

  • Located in the Tremont Neighborhood of the Bronx
  • New Construction Allowing Investor to acquire a 'turnkey' Property
  • Close Proximity to Transportation, Hospital and University

Exclusively Listed By

Mixed-Use

2086 Valentine Avenue

Listing Price: $15,000,000

Cap Rate
6.70%
Number of Units
50
Occupancy
96.0%
Price/Unit
$300,000
Price/Gross SF
$391.60
Gross SF
38,304

Investment Highlights

  • Located in the Tremont Neighborhood of the Bronx
  • New Construction Allowing Investor to acquire a 'turnkey' Property
  • Close Proximity to Transportation, Hospital and University

Investment Overview

Marcus & Millichap is pleased to offer 2086 Valentine Avenue, located between East 180th & East 181st Street in the Tremont neighborhood of the Bronx. The property offers investors the unique opportunity to acquire a newly constructed, lead-free, nine-story, 49-unit, mixed-use elevator building. Spanning 38,304 sq. ft., Valentine Avenue is comprised of all two-bedroom apartments and benefits from the City’s 35-year 421A Tax abatement program with an annual tax bill of just $3,000. The property is in close proximity to key amenities and institutions including the 4, B, D subway lines, St. Barnabas Hospital, Fordham Fordham University and three blocks off the Grand Concourse.

Exclusively Listed By

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