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Multifamily

887 East 178th Street

887 E 178th St, Bronx, NY 10460

Listing Price: $1,600,000

Cap Rate
8.70%
Number of Units
11
GRM
6.77
Price/Unit
$145,455
Price/Gross SF
$138.93
Gross SF
11,517

Investment Overview

Marcus & Millichap is pleased to present the following opportunity in West Farms neighborhood of the Bronx. 887 East 178th Street is an 11- unit walk -up corner building that has been primarily owner - occupied since 1971. The asset will be delivered 64 % vacant and has already been renovated and upgraded by the current ownership for their personal benefit . Encompassing 11,517 square feet , the property offers investors a rare chance to acquire a legacy asset in one of the borough’s most desirable submarkets . 887 East 178th Street also offers proximity to Vidalia Park, Crotona Park , the Bronx Zoo, and the East Tremont Avenue 2 & 5 Train.

Investment Highlights

  • 887 East 178th Street is a five-story walk-up building consisting of 11 apartments, totaling 11,517 square feet, ideally situated between Honeywell Avenue and Mohegan Avenue.
  • 7 of the units were owner-occupied and will be delivered vacant.
  • 887 East 178th Street is located just steps from Vidalia Park, Crotona Park, the Bronx Zoo, and the East Tremont Avenue 2 & 5 Train.

Exclusively Listed By

Financing By

Multifamily

887 East 178th Street

Listing Price: $1,600,000

Cap Rate
8.70%
Number of Units
11
GRM
6.77
Price/Unit
$145,455
Price/Gross SF
$138.93
Gross SF
11,517

Investment Highlights

  • 887 East 178th Street is a five-story walk-up building consisting of 11 apartments, totaling 11,517 square feet, ideally situated between Honeywell Avenue and Mohegan Avenue.
  • 7 of the units were owner-occupied and will be delivered vacant.
  • 887 East 178th Street is located just steps from Vidalia Park, Crotona Park, the Bronx Zoo, and the East Tremont Avenue 2 & 5 Train.

Investment Overview

Marcus & Millichap is pleased to present the following opportunity in West Farms neighborhood of the Bronx. 887 East 178th Street is an 11- unit walk -up corner building that has been primarily owner - occupied since 1971. The asset will be delivered 64 % vacant and has already been renovated and upgraded by the current ownership for their personal benefit . Encompassing 11,517 square feet , the property offers investors a rare chance to acquire a legacy asset in one of the borough’s most desirable submarkets . 887 East 178th Street also offers proximity to Vidalia Park, Crotona Park , the Bronx Zoo, and the East Tremont Avenue 2 & 5 Train.

Exclusively Listed By

Financing By

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