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Multifamily

2037 Hughes Avenue

2037 Hughes Avenue, Bronx, NY 10457

Listing Price: $1,900,000

Cap Rate
12.30%
Number of Units
26
GRM
3.35
Price/Unit
$73,077
Price/Gross SF
$87.68
Gross SF
21,669

Investment Overview

2037 Hughes Avenue presents the opportunity to acquire a 26-unit multifamily asset in the Belmont section of the Bronx. The approximately 21,669-square-foot property is fully occupied with no current vacancies, providing immediate and stable in-place cash flow. 2037 Hughes Avenue consists entirely of residential units, with an average monthly rent of approximately $1,815 per unit.

Situated in the heart of the Belmont neighborhood, the property benefits from close proximity to Fordham Road's retail corridor, Bronx Park, the New York Botanical Garden, major healthcare institutions, and numerous national retailers and public transportation options.

Investment Highlights

  • 2037 Hughes is a 26-unit multifamily building in the Belmont neighborhood of the Bronx.
  • 100% Rent-Stabilized | Zoning: R7-1 | Tax Class: 2
  • Convenient access to Bronx Park, the New York Botanical Garden, healthcare facilities, shopping, restaurants, and public transportation.

Exclusively Listed By

Financing By

Multifamily

2037 Hughes Avenue

Listing Price: $1,900,000

Cap Rate
12.30%
Number of Units
26
GRM
3.35
Price/Unit
$73,077
Price/Gross SF
$87.68
Gross SF
21,669

Investment Highlights

  • 2037 Hughes is a 26-unit multifamily building in the Belmont neighborhood of the Bronx.
  • 100% Rent-Stabilized | Zoning: R7-1 | Tax Class: 2
  • Convenient access to Bronx Park, the New York Botanical Garden, healthcare facilities, shopping, restaurants, and public transportation.

Investment Overview

2037 Hughes Avenue presents the opportunity to acquire a 26-unit multifamily asset in the Belmont section of the Bronx. The approximately 21,669-square-foot property is fully occupied with no current vacancies, providing immediate and stable in-place cash flow. 2037 Hughes Avenue consists entirely of residential units, with an average monthly rent of approximately $1,815 per unit. Situated in the heart of the Belmont neighborhood, the property benefits from close proximity to Fordham Road's retail corridor, Bronx Park, the New York Botanical Garden, major healthcare institutions, and numerous national retailers and public transportation options.

Exclusively Listed By

Financing By

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