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67-83 E 184th St
Bronx, NY 10468
2387 Morris Avenue · Multifamily Property For Sale
·
34 Units
Investment Highlights
- This 34-unit walk-up building comprises 3 studio, 21 one- bedroom, 1 two-bedroom, 4 three-bedroom apartments, and 5 commercial stores
- The building offers investors a steady annual rent from the commercial stores plus the upside of $190,132 in preferential rents
- 9.1% Cap Rate | 4.2x GRM | $83,824 Per Unit | $80 Per Sqft.
- 2387 Morris Avenue is well located, close to St. James Park, Monroe University, and the Fordham Road B & D Trains.
Property Facts
| No. Units | 34 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 35,429 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1923 |
| Building Class | C | ||
| Zoning | R8 - R8 districts may be developed under either height factor regulations or the optional Quality Housing regulations that reflect the traditional neighborhood streetscape. | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 35,429 SF |
| No. Stories | 5 |
| Year Built | 1923 |
| Zoning | R8 - R8 districts may be developed under either height factor regulations or the optional Quality Housing regulations that reflect the traditional neighborhood streetscape. |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Breakfast Nook
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 34 | - | - |
Property Taxes
| Parcel Number | 03184-0076 | Improvements Assessment | $1,034,280 |
| Land Assessment | $75,150 | Total Assessment | $1,109,430 |
Property Taxes
Parcel Number
03184-0076
Land Assessment
$75,150
Improvements Assessment
$1,034,280
Total Assessment
$1,109,430
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