Multifamily
253 East 206th Street
253 E 206th St, Bronx, NY 10467
Listing Price: $2,600,000
Investment Overview
Marcus & Millichap is pleased to offer 253 East 206th Street an opportunity to acquire a recently constructed, 100% free-market multifamily asset in the heart of the Bronx. Built in 2017 with no tax abatement, the 10-unit property offers immediate upside through rents currently averaging approximately 30% below market, as well as vacant units that can be leased at market rates. Located just steps from Montefiore Hospital, Fordham University, the New York Botanical Garden, and multiple subway lines, the property combines stable in-place income with compelling long-term appreciation potential.
253 East 206th Street
Investment Highlights
- 253 East 206th Street, built in 2017, is a multifamily asset spanning 4 stories, comprises 10 units, and is approx. 6,692 SF.
- 100% Free Market | Tax Class Protected: 2B | Zoning: R7B
- This building is just steps from Montefiore Hospital, Bronx Park, Fordham University, The New York Botanical Garden, and the Norwood Subway Station.
Listing Price: $2,600,000
Investment Highlights
- 253 East 206th Street, built in 2017, is a multifamily asset spanning 4 stories, comprises 10 units, and is approx. 6,692 SF.
- 100% Free Market | Tax Class Protected: 2B | Zoning: R7B
- This building is just steps from Montefiore Hospital, Bronx Park, Fordham University, The New York Botanical Garden, and the Norwood Subway Station.
Investment Overview
Marcus & Millichap is pleased to offer 253 East 206th Street an opportunity to acquire a recently constructed, 100% free-market multifamily asset in the heart of the Bronx. Built in 2017 with no tax abatement, the 10-unit property offers immediate upside through rents currently averaging approximately 30% below market, as well as vacant units that can be leased at market rates. Located just steps from Montefiore Hospital, Fordham University, the New York Botanical Garden, and multiple subway lines, the property combines stable in-place income with compelling long-term appreciation potential.
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