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15 Fort Charles Place 3 Unit Apartment Building $2,195,000 ($731,667/Unit) 3.82% Cap Rate Bronx, NY 10463
Investment Highlights
- Rare multifamily investment opportunity in the historic Marble Hill enclave
- Well maintained residential building
- Features a garage
- Situated on the site of the Revolutionary War outpost Fort Prince Charles
- All three apartments are free-market units
- Potential basement conversion opportunity
Executive Summary
15 Fort Charles Place presents a rare multifamily investment opportunity in the historic Marble Hill enclave noted for its unique turn-of-the-century Victorian wood-frame homes and curved streetscapes. Positioned along a unique, curved streetscape historically noted for its turn-of-the-century Victorian architecture (including original moldings, ceiling medallions and lighting from the early 1900's), the property combines rich historical significance and is situated on the site of the Revolutionary War outpost Fort Prince Charles, enduring market appeal. While offering modern residential functionality.
Property Facts
| Price | $2,195,000 | Apartment Style | Low-Rise |
| Price Per Unit | $731,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 3.82% | Building Size | 3,846 SF |
| No. Units | 3 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1899 |
| Property Subtype | Apartment | Parking Ratio | 0.52/1,000 SF |
| Zoning | R5 - Medium-density residential district allowing multifamily housing. (NY) | ||
| Price | $2,195,000 |
| Price Per Unit | $731,667 |
| Sale Type | Investment |
| Cap Rate | 3.82% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 3,846 SF |
| No. Stories | 4 |
| Year Built | 1899 |
| Parking Ratio | 0.52/1,000 SF |
| Zoning | R5 - Medium-density residential district allowing multifamily housing. (NY) |
Amenities
Site Amenities
- Laundry Facilities
- Gas Range
- Vintage Building
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 2215-0463 | Improvements Assessment | $25,637 |
| Land Assessment | $17,621 | Total Assessment | $43,258 |
Property Taxes
Parcel Number
2215-0463
Land Assessment
$17,621
Improvements Assessment
$25,637
Total Assessment
$43,258
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15 Fort Charles Place