Multifamily
2525 Morris Avenue
2525 Morris Ave, Bronx, NY 10468
Listing Price: $4,300,000
Investment Overview
Marcus & Millichap is pleased to offer the following opportunity in Fordham. 2525 Morris Avenue is situated right off St. James Park on the corner of Morris Avenue and East190th Street. The building spans 56,455 square feet and comprises 58 residential units.This corner walk up building has been owned and operated by the same family for over20 years and shall consist of 1 studio, 19 one bedroom, 28 two-bedroom, 9 three-bedroom and one four-bedroom apartments. This offers investors a unique opportunity to acquire a legacy asset in a highly desirable submarket of North Bronx, with future rental upside from a $303,298 annual preferential rent delta between actual and DHCR registered rents. 2525 Morris Avenue is conveniently located a few steps from St. JamesPark, Monroe University, and the Fordham B & D Trains.
2525 Morris Avenue
Investment Highlights
- 2525 Morris Avenue is a 58-unit walk-up building comprised of 1 studio, 19 one-bedroom, 28two-bedroom, 9 three-bedroom and one four-bedroom apartments.
- 8.2% Cap Rate | 4.4x GRM | $74,138 Per Unit | $76 Per Sqft
- 2525 Morris Avenue is well located, close to St. James Park,Monroe University, and the Fordham B & D Trains.
Exclusively Listed By
Financing By
Listing Price: $4,300,000
Investment Highlights
- 2525 Morris Avenue is a 58-unit walk-up building comprised of 1 studio, 19 one-bedroom, 28two-bedroom, 9 three-bedroom and one four-bedroom apartments.
- 8.2% Cap Rate | 4.4x GRM | $74,138 Per Unit | $76 Per Sqft
- 2525 Morris Avenue is well located, close to St. James Park,Monroe University, and the Fordham B & D Trains.
Investment Overview
Marcus & Millichap is pleased to offer the following opportunity in Fordham. 2525 Morris Avenue is situated right off St. James Park on the corner of Morris Avenue and East190th Street. The building spans 56,455 square feet and comprises 58 residential units.This corner walk up building has been owned and operated by the same family for over20 years and shall consist of 1 studio, 19 one bedroom, 28 two-bedroom, 9 three-bedroom and one four-bedroom apartments. This offers investors a unique opportunity to acquire a legacy asset in a highly desirable submarket of North Bronx, with future rental upside from a $303,298 annual preferential rent delta between actual and DHCR registered rents. 2525 Morris Avenue is conveniently located a few steps from St. JamesPark, Monroe University, and the Fordham B & D Trains.
Exclusively Listed By
Financing By
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