Log In/Sign Up
Your email has been sent.
3187 Grand Concourse
Bronx, NY 10468
Multifamily Property For Sale
·
33 Units
EXECUTIVE SUMMARY
For Sale – 3187 Grand Concourse, Bronx, NY
3187 Grand Concourse is a newer construction 33-unit multifamily asset located along one of the Bronx’s most established corridors. The property is fully leased to Section 8 tenants, providing investors with complete rental stability through reliable, government-backed income.
The building also benefits from a favorable tax abatement, which reduces operating costs and enhances long-term returns. Built to modern standards, the property is in excellent condition, requiring minimal near-term capital investment.
With its combination of 33 units, 100% Section 8 tenancy, tax advantages, and high-quality construction, 3187 Grand Concourse offers a turnkey, low-risk investment opportunity in a resilient New York City rental market.
3187 Grand Concourse is a newer construction 33-unit multifamily asset located along one of the Bronx’s most established corridors. The property is fully leased to Section 8 tenants, providing investors with complete rental stability through reliable, government-backed income.
The building also benefits from a favorable tax abatement, which reduces operating costs and enhances long-term returns. Built to modern standards, the property is in excellent condition, requiring minimal near-term capital investment.
With its combination of 33 units, 100% Section 8 tenancy, tax advantages, and high-quality construction, 3187 Grand Concourse offers a turnkey, low-risk investment opportunity in a resilient New York City rental market.
PROPERTY FACTS
| Price Per Unit | $424,242 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.30% | Lot Size | 0.14 AC |
| No. Units | 33 | Building Size | 25,522 SF |
| Property Type | Multifamily | No. Stories | 9 |
| Property Subtype | Apartment | Year Built | 2024 |
| Zoning | R8 - High density residential district. | ||
| Price Per Unit | $424,242 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 25,522 SF |
| No. Stories | 9 |
| Year Built | 2024 |
| Zoning | R8 - High density residential district. |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 33 | - | 697 |
PROPERTY TAXES
| Parcel Number | 03311-0068 | Improvements Assessment | $1,484,370 |
| Land Assessment | $119,773 | Total Assessment | $1,604,143 |
PROPERTY TAXES
Parcel Number
03311-0068
Land Assessment
$119,773
Improvements Assessment
$1,484,370
Total Assessment
$1,604,143
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
