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3207 Hull Ave 22 Unit Apartment Building $2,200,000 ($100,000/Unit) 7.30% Cap Rate Bronx, NY 10467
Investment Highlights
- This meticulously maintained asset is composed of 1 one-bedroom, 12 twobedroom, and 9 three-bedroom apartments. The building spans 22,000 square feet.
- 7.3% Cap Rate | $100,000 Per Unit | $100 Per Square Foot
- Steps from Williamsbridge Oval, Montefiore Hospital, the Norwood D train, Williamsbridge Station, and the New York Botanical Garden.
Executive Summary
The New York Multifamily Team at Marcus & Millichap is pleased to offer the following opportunity in Norwood, one of the most sought-after submarkets in the Bronx. 3207 Hull Avenue is a 22-unit walk-up building located between East 205th and East 207th Streets, just off Bainbridge Avenue.
This meticulously maintained property has been professionally managed and operated by the same family for over 45 years.
3207 Hull Avenue is steps away from the Williamsbridge Oval Recreation Center, Montefiore Hospital, the Norwood D train, the Williamsbridge MTA station, and the New York Botanical Garden.
This meticulously maintained property has been professionally managed and operated by the same family for over 45 years.
3207 Hull Avenue is steps away from the Williamsbridge Oval Recreation Center, Montefiore Hospital, the Norwood D train, the Williamsbridge MTA station, and the New York Botanical Garden.
Property Facts
| Price | $2,200,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 7.30% | Building Size | 22,000 SF |
| Gross Rent Multiplier | 5.9 | Average Occupancy | 100% |
| No. Units | 22 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | ||
| Zoning | R7B - Residential | ||
| Price | $2,200,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| Gross Rent Multiplier | 5.9 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 22,000 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1915 |
| Zoning | R7B - Residential |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 12 | - | - |
| 3+1 | 9 | - | - |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 03346-0031 | Improvements Assessment | $417,150 |
| Land Assessment | $29,700 | Total Assessment | $446,850 |
Property Taxes
Parcel Number
03346-0031
Land Assessment
$29,700
Improvements Assessment
$417,150
Total Assessment
$446,850
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