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2525 Morris Ave
Bronx, NY 10468
Multifamily Property For Sale
·
58 Units
Investment Highlights
- This 58-unit walk-up building comprises 1 studio,19 one-bedroom, 28 two-bedroom, 9 three-bedroom and one four-bedroom apartments
- The bldg offers investors a steady annual plus the upside of $303,298 in preferential rents, which owners can capitalize upon vacancy
- Renovating these legal apartments offers immediate upside potential for rental income.
- 8.2% Cap Rate | 4.4x GRM | $74,138 Per Unit | $76 Per Sqft
- Five currently uninhabitable basement units are included in the CO.
- 2525 Morris Avenue is well located, close to St. James Park, Monroe University, and the Fordham B & D Trains
Property Facts
| No. Units | 58 | Lot Size | 0.36 AC |
| Property Type | Multifamily | Building Size | 56,455 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1924 |
| Building Class | C | ||
| Zoning | R8 | ||
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 56,455 SF |
| No. Stories | 5 |
| Year Built | 1924 |
| Zoning | R8 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 58 | - | - |
Property Taxes
| Parcel Number | 03190-0050 | Improvements Assessment | $1,161,000 |
| Land Assessment | $176,850 | Total Assessment | $1,337,850 |
Property Taxes
Parcel Number
03190-0050
Land Assessment
$176,850
Improvements Assessment
$1,161,000
Total Assessment
$1,337,850
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