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1234 Fulton Avenue and 1081 Teller Avenue 1234 Fulton Ave 8 Unit Apartment Building $825,000 ($103,125/Unit) 9.40% Cap Rate Bronx, NY 10456
INVESTMENT HIGHLIGHTS
- This 8-unit walk-up comprises 1 one-bedroom apartment and 7 two-bedroom apartments.
- This 8-unit walk-up comprises 1 one-bedroom apartment and 7 two-bedroom apartments.
- 9.4% Cap Rate | 5.6x GRM | $133Per Sqft | $103,125 Per Unit.
EXECUTIVE SUMMARY
New York Multifamily is pleased to offer 1234 Fulton Avenue, located in the lively neighborhood of Morrisania. Situated between 168th Street and 169th Street, this asset has been professionally managed by the same ownership group for nearly 7 years. Spanning 6,192 square feet across four stories, 1234 Fulton Avenue is composed of 8 units total. Offered at 5.6x GRM, this turn-key investment enables owners to achieve steady income throughout the entire hold period. The property benefits from a prime location near the Bronx-Lebanon Hospital Center, Author's Academy, Drew Playground, with convenient access to the 167th Street B & D Lines
PROPERTY FACTS
| Price | $825,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $103,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 9.40% | Building Size | 6,192 SF |
| Gross Rent Multiplier | 5.6 | No. Stories | 4 |
| No. Units | 8 | Year Built | 1920 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R6 - Residential | ||
| Price | $825,000 |
| Price Per Unit | $103,125 |
| Sale Type | Investment |
| Cap Rate | 9.40% |
| Gross Rent Multiplier | 5.6 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 6,192 SF |
| No. Stories | 4 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (96)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 02612-0004 | Improvements Assessment | $64,644 |
| Land Assessment | $611 | Total Assessment | $65,255 |
PROPERTY TAXES
Parcel Number
02612-0004
Land Assessment
$611
Improvements Assessment
$64,644
Total Assessment
$65,255
CONTACTS
-
Seth Glasser -
Michael Fusco -
Benjamin Myerow -
Christopher Mehran -
Marcus & Millichap
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1234 Fulton Avenue and 1081 Teller Avenue | 1234 Fulton Ave
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