Log In/Sign Up
Your email has been sent.
27 Buchanan Pl 25 Unit Apartment Building $7,500,000 ($300,000/Unit) 8% Cap Rate Bronx, NY 10453
Investment Highlights
- Prime Bronx location near Fordham Road and major institutions
- Dense residential base with strong rental demand
- Ideal for multifamily investment or redevelopment opportunity
- Excellent transit access via subway, Metro-North, and major highways
- Close to shopping, dining, and public amenities
Executive Summary
RARE FIND 7 Story, Mixed-use new construction building! - 25 Residential Units (8 Studios, 10 One Bedrooms, 7 Two Bedrooms) – 1 Commercial Unit – 9 Parking Spaces.
Real Estate Tax: $940/ Yr due to 421a Tax Abatement, (30 years remaining)
Elevator, shared laundry, bike storage, security cameras, on-site super, new appliances, accessible entrance, parking. 100% Occupancy.
18,240 sq ft, Block & lot: 03196-0066 Zoning: R7-1 Built in 2020
Total Income (Yr): $668K with rent increases each year! CAP Rate: 8%
PROPERTY CAN BE SOLD AS A PACKAGE DEAL WITH ANOTHER PROPERTY IN THE BRONX.
Seller has an ASSUMABLE LOAN of 2.7M loan at 3.57% with 10 years remaining!
Please inquire for a detailed set-up
Real Estate Tax: $940/ Yr due to 421a Tax Abatement, (30 years remaining)
Elevator, shared laundry, bike storage, security cameras, on-site super, new appliances, accessible entrance, parking. 100% Occupancy.
18,240 sq ft, Block & lot: 03196-0066 Zoning: R7-1 Built in 2020
Total Income (Yr): $668K with rent increases each year! CAP Rate: 8%
PROPERTY CAN BE SOLD AS A PACKAGE DEAL WITH ANOTHER PROPERTY IN THE BRONX.
Seller has an ASSUMABLE LOAN of 2.7M loan at 3.57% with 10 years remaining!
Please inquire for a detailed set-up
Property Facts Under Contract
| Price | $7,500,000 | Building Class | B |
| Price Per Unit | $300,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 18,240 SF |
| Cap Rate | 8% | Average Occupancy | 100% |
| No. Units | 25 | No. Stories | 7 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R7-1 - Commercial district predominantly residential in character | ||
| Price | $7,500,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 18,240 SF |
| Average Occupancy | 100% |
| No. Stories | 7 |
| Year Built | 2020 |
| Opportunity Zone |
Yes |
| Zoning | R7-1 - Commercial district predominantly residential in character |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Elevator
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (100)
Property Taxes
| Parcel Number | 03196-0066 | Improvements Assessment | $779,400 |
| Land Assessment | $99,900 | Total Assessment | $879,300 |
Property Taxes
Parcel Number
03196-0066
Land Assessment
$99,900
Improvements Assessment
$779,400
Total Assessment
$879,300
1 of 68
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Rockman Realty LLC
27 Buchanan Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.