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377 E 152nd St 10 Unit Apartment Building $750,000 ($75,000/Unit) 4.10% Cap Rate Bronx, NY 10455
INVESTMENT HIGHLIGHTS
- This tax-class protected asset has been owned and operated by the same family for over 30 years.
- 377 East 152nd Street spans 7,325 square feet and is made up of 10 spacious two-bedroom apartments.
- This asset benefits from close proximity to Lincoln Hospital, Governor Smith Playground, and the 149th Street 2 & 5 trains.
- 377 East 152nd is conveniently located near Lincoln Hospital, Governor Smith Playground, and the 149th Street 2 & 5 trains.
- 75,000 per unit | $102 psqft | 6.3x GRM
EXECUTIVE SUMMARY
The New York Multifamily Team at Marcus & Millichap is pleased to present the following opportunity in the Melrose neighborhood of the Bronx. 377 East 152nd Street is a 5 story walk-up situated between Melrose and Courtlandt Avenue, comprising 10 two-bedroom apartments.
PROPERTY FACTS
| Price | $750,000 | Property Subtype | Apartment |
| Price Per Unit | $75,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 4.10% | Building Size | 7,325 SF |
| Gross Rent Multiplier | 6.3 | No. Stories | 5 |
| No. Units | 10 | Year Built | 1910 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | R7-1 | ||
| Price | $750,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 4.10% |
| Gross Rent Multiplier | 6.3 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 7,325 SF |
| No. Stories | 5 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | R7-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 02399-0035 | Improvements Assessment | $176,060 |
| Land Assessment | $2,589 | Total Assessment | $178,649 |
PROPERTY TAXES
Parcel Number
02399-0035
Land Assessment
$2,589
Improvements Assessment
$176,060
Total Assessment
$178,649
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377 E 152nd St
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