2523-2525 University Ave | Bronx, NY 10468
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- LoopNet Team
2523-2525 University Ave
Bronx, NY 10468
Multifamily Property For Sale
·
60 Units
INVESTMENT HIGHLIGHTS
- There are $534,084 in annual preferential rents allowing a new owner to maximize on rent growth upon unit turnover.
- Conveniently located off the Kingsbridge Road and Fordham Road Retail Hubs, the VA Medical Center, Lehman College and 0.5 miles to the 4/B/D subways
- Ability to purchase this asset at 9x GRM or $160/pf sitting well below replacements costs
PROPERTY FACTS
| No. Units | 60 | Lot Size | 0.48 AC |
| Property Type | Multifamily | Building Size | 58,585 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1922 |
| Building Class | B | ||
| Zoning | R6 | ||
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.48 AC |
| Building Size | 58,585 SF |
| No. Stories | 5 |
| Year Built | 1922 |
| Zoning | R6 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Controlled Access
- Courtyard
- Gated
- Video Patrol
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 40 | - | - |
PROPERTY TAXES
| Parcel Number | 03220-0096 | Improvements Assessment | $1,496,970 |
| Land Assessment | $207,360 | Total Assessment | $1,704,330 |
PROPERTY TAXES
Parcel Number
03220-0096
Land Assessment
$207,360
Improvements Assessment
$1,496,970
Total Assessment
$1,704,330
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