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3505 Wayne Ave 55 Unit Apartment Building $7,999,999 ($145,455/Unit) 6.50% Cap Rate Bronx, NY 10467
INVESTMENT HIGHLIGHTS
- Close to public transportation
EXECUTIVE SUMMARY
This 55 unit mixed use building is comprised of 51 residential apartments and 4 retail stores, This well kept building is across the street from Montefiore Hospital. Pointing was done on the building, hallways freshly painted, new outside doors and locks, all new outside lights etc. Many apartments have been renovated. Close to transportation, major highways, shopping and entertainment. This property is in an Opportunity Zone.
assumable mortgage with low interest rate
Fully occupied
assumable mortgage with low interest rate
Fully occupied
PROPERTY FACTS
| Price | $7,999,999 | Building Class | C |
| Price Per Unit | $145,455 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 54,000 SF |
| Cap Rate | 6.50% | Average Occupancy | 100% |
| No. Units | 55 | No. Stories | 5 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R7-1 | ||
| Price | $7,999,999 |
| Price Per Unit | $145,455 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 54,000 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built/Renovated | 1930/2024 |
| Opportunity Zone |
Yes |
| Zoning | R7-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 55 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 03344-0001 | Improvements Assessment | $911,610 |
| Land Assessment | $78,300 | Total Assessment | $989,910 |
PROPERTY TAXES
Parcel Number
03344-0001
Land Assessment
$78,300
Improvements Assessment
$911,610
Total Assessment
$989,910
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3505 Wayne Ave
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