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2250 Grand Concourse 22 Unit Apartment Building $2,700,000 ($122,727/Unit) 9.17% Cap Rate Bronx, NY 10457
Executive Summary
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 2250 Grand Concourse (the “Property”), a five-story multifamily walk-up located in the heart of Fordham, Bronx. The Property is 17,270 square feet, sits on a 50’ × 100’ lot, and consists of 22 rent-stabilized units, three of which are vacant.
2250 Grand Concourse is ideally positioned on the Grand Concourse between East 182nd Street and East 183rd Street, one of the Bronx’s most prominent and well-established
residential corridors. The Property is steps from the 182nd–183rd Streets subway station, serviced by the B and D trains, providing direct access to Midtown Manhattan. Additionally, the Grand Concourse/East 182nd Street bus stop is located directly outside the Property, servicing the Bx1 and Bx2 lines and providing convenient access throughout the Bronx.
The Property benefits from immediate access to the Fordham Road retail corridor, one of the busiest shopping destinations in New York City, as well as nearby Fordham University, the New York Botanical Garden, and the Bronx Zoo, further enhancing its appeal within the Fordham neighborhood.
Please direct all inquiries to Cushman & Wakefield.
2250 Grand Concourse is ideally positioned on the Grand Concourse between East 182nd Street and East 183rd Street, one of the Bronx’s most prominent and well-established
residential corridors. The Property is steps from the 182nd–183rd Streets subway station, serviced by the B and D trains, providing direct access to Midtown Manhattan. Additionally, the Grand Concourse/East 182nd Street bus stop is located directly outside the Property, servicing the Bx1 and Bx2 lines and providing convenient access throughout the Bronx.
The Property benefits from immediate access to the Fordham Road retail corridor, one of the busiest shopping destinations in New York City, as well as nearby Fordham University, the New York Botanical Garden, and the Bronx Zoo, further enhancing its appeal within the Fordham neighborhood.
Please direct all inquiries to Cushman & Wakefield.
Property Facts
| Price | $2,700,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $122,727 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 9.17% | Building Size | 17,270 SF |
| No. Units | 22 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1915 |
| Zoning | R8, Bronx | ||
| Price | $2,700,000 |
| Price Per Unit | $122,727 |
| Sale Type | Investment |
| Cap Rate | 9.17% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 17,270 SF |
| Average Occupancy | 96% |
| No. Stories | 5 |
| Year Built | 1915 |
| Zoning | R8, Bronx |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Vintage Building
- Public Transportation
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Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03158-0014 | Improvements Assessment | $419,850 |
| Land Assessment | $56,250 | Total Assessment | $476,100 |
Property Taxes
Parcel Number
03158-0014
Land Assessment
$56,250
Improvements Assessment
$419,850
Total Assessment
$476,100
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2250 Grand Concourse