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2770 Briggs Avenue 2770 Briggs Ave 58 Unit Apartment Building $7,300,000 ($125,862/Unit) 6.60% Cap Rate Bronx, NY 10458
EXECUTIVE SUMMARY
Rent Stabilized Building asking a 6.6% Cap Rate.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $7,300,000 | Property Subtype | Apartment |
| Price Per Unit | $125,862 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.60% | Lot Size | 0.34 AC |
| Gross Rent Multiplier | 7.6 | Building Size | 68,340 SF |
| No. Units | 58 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1948 |
| Zoning | R7B | ||
| Price | $7,300,000 |
| Price Per Unit | $125,862 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| Gross Rent Multiplier | 7.6 |
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 68,340 SF |
| No. Stories | 6 |
| Year Built | 1948 |
| Zoning | R7B |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
SITE AMENITIES
- Controlled Access
1 1
Walk Score®
Very Walkable (84)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 03295-0016 | Total Assessment | $996,300 (2025) |
| Land Assessment | $168,750 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $827,550 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03295-0016
Land Assessment
$168,750 (2025)
Improvements Assessment
$827,550 (2025)
Total Assessment
$996,300 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2770 Briggs Avenue | 2770 Briggs Ave
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