Multifamily

3546 Bronx Blvd

Listing Price: $1,100,000

Cap Rate
5.61%
Number of Units
7
GRM
10.62
Occupancy
100.00%
Price/Unit
$157,143
Price/Gross SF
$241.23
Gross SF
4,560

Investment Overview

Marcus & Millichap is pleased to offer for sale on an exclusive basis 3546 Bronx Blvd in the Bronx, New York (Block & Lot 4641 & 20) Zoned R6A.
The subject property is a three story walk up building with a total of 7 residential apartments.
The building size is approximately 4,560 square feet with dimensions of 20 ft x 76 ft, and a lot size of 25 ft x 100 ft.
The property is zoned R6A with a FAR of 3 and it is associated with approximately 2,950 square feet of unused air rights.
The property is located along Bronx Blvd between E 211th and E 213th streets off the Bronx River Parkway, and very close to 2 & 5 Gun Hill Road subway station.
This is a value add opportunity where rents are substantially low compared to current collected rents in similar properties.
100% collection rate throughout the Covid-19 Pandemic
Long term hold for upside in rents.

Investment Highlights

  • 100% collection rate throughout the Covid-19 Pandemic.
  • Very close to 2&5 Gun Hill Road subway station.
  • Zoned R6A with a FAR of 3. unuse
  • 2,950 SF of unused air rights.
  • Rents are low enough for the the building to continue experiencing 100% occupancy.

Exclusively Listed By

  • Said Boukhalfa

    Licensed Associate Real Estate Broker

    (212) 430-5149

    Email Said

    License(s): NY: 30BO1115908

    Manhattan

  • Willie Jalboukh

    Licensed Associate Real Estate Broker

    (212) 430-6154

    Email Willie

    License(s): NY: 10401247199, NY: 10301218139

    Manhattan

Listing Price: $1,100,000

Cap Rate
5.61%
Number of Units
7
GRM
10.62
Occupancy
100.00%
Price/Unit
$157,143
Price/Gross SF
$241.23
Gross SF
4,560

Investment Highlights

  • 100% collection rate throughout the Covid-19 Pandemic.
  • Very close to 2&5 Gun Hill Road subway station.
  • Zoned R6A with a FAR of 3. unuse
  • 2,950 SF of unused air rights.
  • Rents are low enough for the the building to continue experiencing 100% occupancy.

Investment Overview

Marcus & Millichap is pleased to offer for sale on an exclusive basis 3546 Bronx Blvd in the Bronx, New York (Block & Lot 4641 & 20) Zoned R6A.
The subject property is a three story walk up building with a total of 7 residential apartments.
The building size is approximately 4,560 square feet with dimensions of 20 ft x 76 ft, and a lot size of 25 ft x 100 ft.
The property is zoned R6A with a FAR of 3 and it is associated with approximately 2,950 square feet of unused air rights.
The property is located along Bronx Blvd between E 211th and E 213th streets off the Bronx River Parkway, and very close to 2 & 5 Gun Hill Road subway station.
This is a value add opportunity where rents are substantially low compared to current collected rents in similar properties.
100% collection rate throughout the Covid-19 Pandemic
Long term hold for upside in rents.

Exclusively Listed By

  • Said Boukhalfa

    Licensed Associate Real Estate Broker

    (212) 430-5149

    Email Said

    License(s): NY: 30BO1115908

    Manhattan

  • Willie Jalboukh

    Licensed Associate Real Estate Broker

    (212) 430-6154

    Email Willie

    License(s): NY: 10401247199, NY: 10301218139

    Manhattan

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