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- LoopNet Team
2001 Arthur Ave
Bronx, NY 10457
QOZ 8% to 290% ROI to 1,147% ROE · Multifamily Property For Sale
·
45 Units
INVESTMENT HIGHLIGHTS
- New Construction
- Proposed 30 Year Tax Abatement
- Mixed Use
PROPERTY FACTS
| No. Units | 45 | Lot Size | 0.23 AC |
| Property Type | Multifamily | Building Size | 50,796 SF |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built | 2020 |
| Building Class | B | Parking Ratio | 0.38/1,000 SF |
| Zoning | R7-1 | ||
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 50,796 SF |
| No. Stories | 7 |
| Year Built | 2020 |
| Parking Ratio | 0.38/1,000 SF |
| Zoning | R7-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
ABOUT 2001 ARTHUR AVE , BRONX, NY 10457
This newly built 45 unit mixed-use building offers the owner the ability to collect a sizable NOI, while also befitting from the high appreciation of the area. There is a high demand for newly built rentals in the area, which will keep the vacancy low, and keep the rents high. The 39,037 SF building offers 15 parking spots, 2,876 SF of community space, and 45 rental units (33 1-bedrooms, 12 2-bedrooms). 30% of the units will be affordable, allowing the owner to capitalize on a 30 year tax abatement. Furthermore, the developer is willing to transfer the Opportunity Zone Tax Credits to the new owner. Projected NOI is $887,222 and Cap Rate is 5.91%. Estimated completion is Fall 2020. *Some Interior images are virtually rendered
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 33 | - | - |
| 2+1 | 12 | - | - |
PROPERTY TAXES
| Parcel Number | 03068-0033 | Improvements Assessment | $2,134,530 |
| Land Assessment | $297,720 | Total Assessment | $2,432,250 |
PROPERTY TAXES
