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DNMN0 Fulton Ave Bronx, NY 10456; 4 Building Pfolio Bronx Multifamily Properties For Sale BUY NOW!! East Tremont (Bronx, New York, US - 10456) Built

$17,573,000 USD

Hostings Houses Homes & Lands Dev LLC

Noah Olay Noah Olay 347 614 2108 (Office) 347 340 5097 (Cell) 718 547 3674 (Fax) Request More Info

  • Type: Commercial
  • Style: Apartment
  • Bedrooms: 50
  • Bathrooms: 50
  • Size: 23,238 sq. ft.
  • Development Level: Built

Description

Two 4 Story Newly Built walkup Residential Buildings with a Total of 28 Apartments in the Morrisania section of the Bronx. These 2 Properties are Net Leased to 2 Entities. Fulton Avenue area property has 5 year initial lease terms while East 170th Street area property has a 10 year initial term. Both have lease Renewal Options. 2 Buildings have combined 19,918 square foot total plus an Additional 3,320SF of Air Rights available for a total of 23,238 square foot Residential as of right maximum FAR Buildable.

#1 Mapes Avenue Building- has 10 Residential Apartments while the #2nd Mapes Avenue Building- A 7 Story Elevator Building has 22 Residential Apartments, a Large 600+/- square foot Recreational room and a 300+/- square foot Community Facility. #2nd Mapes Avenue Building is Net Leased and has a 5 year initial lease term and a 421A Tax Abatement with 11 years remaining. #1 Mapes Avenue Building is fully constructed and interior nearing completion. Buildings will have 5 year lease Renewal Options

PRESENT OFFER TODAY; WON'T LAST LONG!!!
FOR MORE INFO; EMAIL OR TEXT THE LISTING AGENT FOR DETAILS
A PROSPECT MUST SHOW PROOF OF FUND PRIOR SHOWING PROPERTIES

Attachments

Features

Interior Features

  • Hardwood Floors

Exterior Finish

  • Brick

Roof

  • Other

Appliances

  • Refrigerator
  • Stove

Heating

  • Other

Sewer/Water Systems

  • Public
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Information is deemed to be correct but not guaranteed.