2665 Grand Concourse
Bronx, NY 10468
Multifamily Property For Sale
·
113 Units
INVESTMENT HIGHLIGHTS
- 40- camera security system.
- Apartments feature high ceilings and recent renovations.
EXECUTIVE SUMMARY
This nine-story brick building comprises 113 residential apartments (including two rooftop penthouse suites), one office and three
commercial spaces. It is situated at the northwest corner of the Grand Concourse and Kingsbridge Road in the Fordham section of The Bronx. It is situated at the northwest corner of the Grand Concourse and Kingsbridge Road in the Fordham section of The Bronx.
2665 Grand Concourse features an appealing steel and glass entrance, two elevators, a spacious marble tiled lobby with columns, a 40-
camera security system, an intercom system, copper plumbing, a rubber roof, a rooftop water tank, a well maintained boiler installed in 1980,and two 5,000-gallon oil tanks (#2 oil).
Additionally, Verizon and Optimum services are available throughout the property, all meters are located in the basement, and commercial tenants have their own water meters. The laundry room is equipped with seven washers and six dryers under contract with Hercules. Apartments feature high ceilings and recent renovations, including stainless steel appliances.
commercial spaces. It is situated at the northwest corner of the Grand Concourse and Kingsbridge Road in the Fordham section of The Bronx. It is situated at the northwest corner of the Grand Concourse and Kingsbridge Road in the Fordham section of The Bronx.
2665 Grand Concourse features an appealing steel and glass entrance, two elevators, a spacious marble tiled lobby with columns, a 40-
camera security system, an intercom system, copper plumbing, a rubber roof, a rooftop water tank, a well maintained boiler installed in 1980,and two 5,000-gallon oil tanks (#2 oil).
Additionally, Verizon and Optimum services are available throughout the property, all meters are located in the basement, and commercial tenants have their own water meters. The laundry room is equipped with seven washers and six dryers under contract with Hercules. Apartments feature high ceilings and recent renovations, including stainless steel appliances.
PROPERTY FACTS
| Price Per Unit | $95,133 |
| Sale Type | Investment |
| Cap Rate | 9.10% |
| No. Units | 113 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 121,806 SF |
| No. Stories | 9 |
| Year Built | 1922 |
| Zoning | R8 - Residential |
PROPERTY TAXES
| Parcel Number | 03314-0065 | Improvements Assessment | $1,751,670 |
| Land Assessment | $248,850 | Total Assessment | $2,000,520 |
