Multifamily
85 East Mosholu Parkway North
85 E Mosholu Pkwy N, Bronx, NY 10467
Listing Price: $3,995,000
Investment Overview
Marcus & Millichap is pleased to offer the following opportunity in one of the most sought- after neighborhoods in the Bronx. 85 East Mosholu Parkway North is a 37-unit walk-up, ideally located in prime Norwood between Van Cortlandt Avenue and Jerome Avenue. Encompassing 31,875 square feet, this building has 11 apartments unencumbered by rent stabilization laws. With an average rent of $1,395 per free market unit, this opportunity allows an investor to implement a value-add strategy and increase rents through Section 8 subsidy standards. Owned and operated by the same group for nearly 25 years, 85 East Mosholu Parkway is ideally located near Van Courtlandt Park Golf Course, The Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train.
85 East Mosholu Parkway North
Investment Highlights
- 85 East Mosholu Parkway North, a meticuoulsy maintained asset, is a 37-unit walk-up composed of 32 one-bedroom and 5 two-bedroom apartments. 11/38 apartments are free market.
- 7.01% Cap Rate | $107,973 per unit | 6.67x GRM
- 85 E Mosholu Parkway North is conveinently located near Van Courtlandt Park Golf Course, The Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train.
Listing Price: $3,995,000
Investment Highlights
- 85 East Mosholu Parkway North, a meticuoulsy maintained asset, is a 37-unit walk-up composed of 32 one-bedroom and 5 two-bedroom apartments. 11/38 apartments are free market.
- 7.01% Cap Rate | $107,973 per unit | 6.67x GRM
- 85 E Mosholu Parkway North is conveinently located near Van Courtlandt Park Golf Course, The Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train.
Investment Overview
Marcus & Millichap is pleased to offer the following opportunity in one of the most sought- after neighborhoods in the Bronx. 85 East Mosholu Parkway North is a 37-unit walk-up, ideally located in prime Norwood between Van Cortlandt Avenue and Jerome Avenue. Encompassing 31,875 square feet, this building has 11 apartments unencumbered by rent stabilization laws. With an average rent of $1,395 per free market unit, this opportunity allows an investor to implement a value-add strategy and increase rents through Section 8 subsidy standards. Owned and operated by the same group for nearly 25 years, 85 East Mosholu Parkway is ideally located near Van Courtlandt Park Golf Course, The Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train.
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