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1064 Manor Ave 40 Unit Apartment Building $4,250,000 ($106,250/Unit) 6.89% Cap Rate Bronx, NY 10472
INVESTMENT HIGHLIGHTS
- 40-unit mixed-use elevator building in Soundview.
EXECUTIVE SUMMARY
Located on the Southeast corner of Manor Avenue & Watson Avenue. Unit breakdown is comprised of 34 1-bedroom apartments, 4 2-bedrooms apartments, 1 3-bedroom apartments and one commercial unit. Abundance of national/local commercial tenants are accessible for residents on E Tremont Avenue, & Westchester Avenue. The asset is in close proximity to supermarkets, local eateries, & schools. Transportation options include local bus lines & 6 train at the Morrison Avenue- Soundview Station.
PROPERTY FACTS
| Price | $4,250,000 | Property Subtype | Apartment |
| Price Per Unit | $106,250 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.89% | Lot Size | 0.23 AC |
| Gross Rent Multiplier | 6.11 | Building Size | 40,986 SF |
| No. Units | 40 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1930 |
| Zoning | R6 - Permit a Wide Range of High-Bulk Commercial Uses Requiring a Central Location | ||
| Price | $4,250,000 |
| Price Per Unit | $106,250 |
| Sale Type | Investment |
| Cap Rate | 6.89% |
| Gross Rent Multiplier | 6.11 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 40,986 SF |
| No. Stories | 6 |
| Year Built | 1930 |
| Zoning | R6 - Permit a Wide Range of High-Bulk Commercial Uses Requiring a Central Location |
AMENITIES
SITE AMENITIES
- Public Transportation
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (90)
PROPERTY TAXES
| Parcel Number | 03717-0032 | Improvements Assessment | $857,700 |
| Land Assessment | $135,000 | Total Assessment | $992,700 |
PROPERTY TAXES
Parcel Number
03717-0032
Land Assessment
$135,000
Improvements Assessment
$857,700
Total Assessment
$992,700
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1064 Manor Ave
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