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27 Buchanan Pl 25 Unit Apartment Building $7,500,000 ($300,000/Unit) 8% Cap Rate Bronx, NY 10453
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
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Rockman Realty LLC
27 Buchanan Pl
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