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1692 Grand Concourse
Bronx, NY 10457
Multifamily Property For Sale
·
26 Units
Investment Highlights
- Rare opportunity to acquire a 26 unit majority free market building on the East side of Grand Concourse, between 173rd Street & 174th Street.
- New subsidy payment standards totaling $2,762 for one (1) bedroom apartments & $3,058 for two (2) bedroom apartments.
- Transportation is in abundance with quick access to the 174-175th Streets Subway station, offering direct access to the B and D lines.
- Value-add potential upon lease turnover as free market rents are below the current Section 8 subsidy standards.
- Unit breakdown is comprised of eighteen (18) 1-bedroom apartments and eight (8) 2-bedroom apartments.
- Benefits from a vibrant environment with a diverse mix of national and local businesses, including supermarkets, schools, and medical institutions.
Property Facts
| No. Units | 26 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 27,335 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1924 |
| Building Class | C | ||
| Zoning | R8, Bronx, (C1) | ||
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 27,335 SF |
| No. Stories | 5 |
| Year Built | 1924 |
| Zoning | R8, Bronx, (C1) |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 500 |
| 2+1 | 8 | - | 650 |
Property Taxes
| Parcel Number | 02823-0045 | Improvements Assessment | $433,710 |
| Land Assessment | $67,500 | Total Assessment | $501,210 |
Property Taxes
Parcel Number
02823-0045
Land Assessment
$67,500
Improvements Assessment
$433,710
Total Assessment
$501,210
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