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Multifamily

1053-1059 East Gun Hill Rd

1053-1059 E Gun Hill Rd, The Bronx, NY 10469

Listing Price: $2,850,000

Cap Rate
6.60%
Number of Units
21
GRM
8.54
Price/Unit
$135,714
Price/Gross SF
$141.93
Gross SF
20,081

Investment Overview

Marcus and Millichap is pleased to present 1053–1059 East Gun Hill Road (also known as 3507 Laconia Avenue), a corner mixed-use building located in the heart of the Williamsbridge neighborhood of the Bronx. Professionally managed for nearly two decades, the property features four ground-floor retail units and 17 residential apartments across 20,080 square feet. Additionally, the building offers investors an additional $31,250 of annual cash flow from a cell antenna currently leased by T-Mobile. Ideally positioned at the intersection of Laconia Avenue and East Gun Hill Road, 1053-1059 East Gun Hill is conveniently located near Gun Hill Road subway station (2/5 lines), and The New York Botanical Garden. ?

Investment Highlights

  • 21-unit corner walk-up composed of 17 one-bedroom apartments with an average monthly rent of $1,637. Additionally, the ground floor is made up of 4 retail units.
  • This asset has been meticulously maintained & professionally managed for nearly 20 years. ?
  • 3507 Laconia Avenue is just steps from the Gun Hill Road subway station (2/5 lines), providing direct access to Manhattan and the greater Bronx. ?

Exclusively Listed By

Financing By

Multifamily

1053-1059 East Gun Hill Rd

Listing Price: $2,850,000

Cap Rate
6.60%
Number of Units
21
GRM
8.54
Price/Unit
$135,714
Price/Gross SF
$141.93
Gross SF
20,081

Investment Highlights

  • 21-unit corner walk-up composed of 17 one-bedroom apartments with an average monthly rent of $1,637. Additionally, the ground floor is made up of 4 retail units.
  • This asset has been meticulously maintained & professionally managed for nearly 20 years. ?
  • 3507 Laconia Avenue is just steps from the Gun Hill Road subway station (2/5 lines), providing direct access to Manhattan and the greater Bronx. ?

Investment Overview

Marcus and Millichap is pleased to present 1053–1059 East Gun Hill Road (also known as 3507 Laconia Avenue), a corner mixed-use building located in the heart of the Williamsbridge neighborhood of the Bronx. Professionally managed for nearly two decades, the property features four ground-floor retail units and 17 residential apartments across 20,080 square feet. Additionally, the building offers investors an additional $31,250 of annual cash flow from a cell antenna currently leased by T-Mobile. Ideally positioned at the intersection of Laconia Avenue and East Gun Hill Road, 1053-1059 East Gun Hill is conveniently located near Gun Hill Road subway station (2/5 lines), and The New York Botanical Garden. ?

Exclusively Listed By

Financing By

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