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Multifamily

722 St Lawrence Ave

722 St Lawrence Ave, The Bronx, NY 10473

Listing Price: $5,400,000

Cap Rate
8.00%
Number of Units
17
GRM
11.03
Price/Unit
$317,647
Price/Gross SF
$517.89
Gross SF
10,427

Investment Overview

THE OFFERING

Marcus & Millichap is pleased to offer the following opportunity located in the Soundview/Castle Hill submarket of the Bronx. 722 St. Lawrence Avenue is a newly constructed, 17-unit walk-up building located right off on Soundview Avenue between Lafayette & Seward Ave. St Lawrence is composed of 10 studios, 6 one-bedrooms and 1 community facility with 6 parking spaces in the rear of the building. Tenants are responsible for their own utilities, excluding hot water, offering investors the opportunity to acquire a brand-new, turn-key asset with a low expenses. The Building benefits from the 485X tax abatement program and will be delivered 100% vacant at closing.

THE OPPORTUNITY

The Building: 722 St. Lawrence Avenue is a newly constructed, 17-unit walk-up building located right off on Soundview Avenue between Lafayette & Seward Ave
Unit Composition: The Building is composed of 10 studios, 6 one-bedrooms and 1 community facility with 6 parking spaces in the rear of the building
Low Taxes: St. Lawrence benefits from the 485X tax abatement program and will have an annual tax bill of ~$5,258

Investment Highlights

  • The Building: 722 St. Lawrence Avenue is a newly constructed, 17-unit walk-up building located right off on Soundview Avenue between Lafayette & Seward Ave
  • Unit Composition: The Building is composed of 10 studios, 6 one-bedrooms and 1 community facility with 6 parking spaces in the rear of the building
  • Low Taxes: St. Lawrence benefits from the 485X tax abatement program and will have an annual tax bill of ~$5,258

Exclusively Listed By

Multifamily

722 St Lawrence Ave

Listing Price: $5,400,000

Cap Rate
8.00%
Number of Units
17
GRM
11.03
Price/Unit
$317,647
Price/Gross SF
$517.89
Gross SF
10,427

Investment Highlights

  • The Building: 722 St. Lawrence Avenue is a newly constructed, 17-unit walk-up building located right off on Soundview Avenue between Lafayette & Seward Ave
  • Unit Composition: The Building is composed of 10 studios, 6 one-bedrooms and 1 community facility with 6 parking spaces in the rear of the building
  • Low Taxes: St. Lawrence benefits from the 485X tax abatement program and will have an annual tax bill of ~$5,258

Investment Overview

THE OFFERING Marcus & Millichap is pleased to offer the following opportunity located in the Soundview/Castle Hill submarket of the Bronx. 722 St. Lawrence Avenue is a newly constructed, 17-unit walk-up building located right off on Soundview Avenue between Lafayette & Seward Ave. St Lawrence is composed of 10 studios, 6 one-bedrooms and 1 community facility with 6 parking spaces in the rear of the building. Tenants are responsible for their own utilities, excluding hot water, offering investors the opportunity to acquire a brand-new, turn-key asset with a low expenses. The Building benefits from the 485X tax abatement program and will be delivered 100% vacant at closing. THE OPPORTUNITY The Building: 722 St. Lawrence Avenue is a newly constructed, 17-unit walk-up building located right off on Soundview Avenue between Lafayette & Seward Ave Unit Composition: The Building is composed of 10 studios, 6 one-bedrooms and 1 community facility with 6 parking spaces in the rear of the building Low Taxes: St. Lawrence benefits from the 485X tax abatement program and will have an annual tax bill of ~$5,258

Exclusively Listed By

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