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INVESTMENT HIGHLIGHTS
- Protected Tax Class 2A
- Five free-market residential units with upsides on rental income.
- Zoned R6, the property contains 3,750 square feet of existing building area with a maximum buildable potential of 8,177 square feet
EXECUTIVE SUMMARY
Asset CRG Advisors, LLC, has been exclusively retained to market a three-story multifamily property located in the Belmont neighborhood of the Bronx. Sitting on a 2,377-square-foot lot, the building features five residential units across 3,750 square feet, providing a stable foundation for an investor seeking immediate cash flow in one of the borough’s most active rental markets. With a maximum buildable area of 8,177 square feet, the property also offers significant long-term upside for expansion or redevelopment.
Located just off Arthur Avenue—one of New York City’s most celebrated dining and cultural corridors—the property benefits from exceptional neighborhood amenities, including local retailers, markets, schools, and parks. Transit access further enhances its appeal, with the Tremont Avenue station (B & D lines) and multiple bus routes providing direct connections across the Bronx and into Manhattan. This offering represents a rare opportunity for investors or developers looking to secure a well-located asset with both strong in-place potential and future growth possibilities.
Located just off Arthur Avenue—one of New York City’s most celebrated dining and cultural corridors—the property benefits from exceptional neighborhood amenities, including local retailers, markets, schools, and parks. Transit access further enhances its appeal, with the Tremont Avenue station (B & D lines) and multiple bus routes providing direct connections across the Bronx and into Manhattan. This offering represents a rare opportunity for investors or developers looking to secure a well-located asset with both strong in-place potential and future growth possibilities.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$205,152
|
$54.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$205,152
|
$54.56
|
| Taxes |
$11,114
|
$2.96
|
| Operating Expenses |
$37,979
|
$10.10
|
| Total Expenses |
$49,093
|
$13.06
|
| Net Operating Income |
$156,059
|
$41.51
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $205,152 |
| Annual Per SF | $54.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $205,152 |
| Annual Per SF | $54.56 |
| Taxes | |
|---|---|
| Annual | $11,114 |
| Annual Per SF | $2.96 |
| Operating Expenses | |
|---|---|
| Annual | $37,979 |
| Annual Per SF | $10.10 |
| Total Expenses | |
|---|---|
| Annual | $49,093 |
| Annual Per SF | $13.06 |
| Net Operating Income | |
|---|---|
| Annual | $156,059 |
| Annual Per SF | $41.51 |
PROPERTY FACTS
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (97)
1 of 4
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