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Multifamily

Soundview 421A Portfolio

937 Croes Ave, Bronx, NY 10473

Listing Price: $8,000,000

Cap Rate
6.10%
Number of Units
42
Price/Unit
$190,476
Price/Gross SF
$266.67
Gross SF
30,000

Investment Overview

The NYM Group at Marcus & Millichap is pleased to offer the following portfolio opportunity located in the Soundview neighborhood of the Bronx. This package consists of 42 units across six contiguous buildings. The Soundview 421A Portfolio is located right off Bruckner Blvd, between Soundview & Fteley Avenue. All six buildings were built in 2004 and benefit from the 421A tax abatement program.

Investment Highlights

  • -42 units across 6 buildings – built in 2004 -Brand new sectional boilers in 937, 939 & 941 Croes Avenue.
  • -Benefits from 421A tax abatement program – 8 years remaining -Current taxes are only $1,540 annually
  • -Tenants pay for own heat & hot water - $0 landlord responsibility -Not subject to Local Law 1 – No Lead

Exclusively Listed By

Financing By

Multifamily

Soundview 421A Portfolio

Listing Price: $8,000,000

Cap Rate
6.10%
Number of Units
42
Price/Unit
$190,476
Price/Gross SF
$266.67
Gross SF
30,000

Investment Highlights

  • -42 units across 6 buildings – built in 2004 -Brand new sectional boilers in 937, 939 & 941 Croes Avenue.
  • -Benefits from 421A tax abatement program – 8 years remaining -Current taxes are only $1,540 annually
  • -Tenants pay for own heat & hot water - $0 landlord responsibility -Not subject to Local Law 1 – No Lead

Investment Overview

The NYM Group at Marcus & Millichap is pleased to offer the following portfolio opportunity located in the Soundview neighborhood of the Bronx. This package consists of 42 units across six contiguous buildings. The Soundview 421A Portfolio is located right off Bruckner Blvd, between Soundview & Fteley Avenue. All six buildings were built in 2004 and benefit from the 421A tax abatement program.

Exclusively Listed By

Financing By

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