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724-728 E 187th St
Bronx, NY 10458
Multifamily Property For Sale
·
40 Units
EXECUTIVE SUMMARY
• Located on the Southeast corner of 187th Street & Crotona Avenue
• Unit breakdown is comprised of one (1) studio apartment, twenty-one (21) 1-bedroom apartments, eight (8) 2-bedroom apartments, five (5) 3-bedroom apartments, and five (5) commercial units
• Within a short walk to prime Little Italy Belmont, St. Barnabas Hospital, Fordham University, & E Fordham Road Commercial District
• Few blocks from the famous Arthur Avenue, offering immediate access to popular eateries in the heart of The Bronx’s Little Italy
• Major retailers in the area include national brands Best Buy, Dollar Tree, Starbucks, and Chipotle
• The building’s close proximity to Fordham University makes it a natural destination for the area’s many students seeking quality housing options
• Midtown Manhattan & Westchester County can be reached within
• Unit breakdown is comprised of one (1) studio apartment, twenty-one (21) 1-bedroom apartments, eight (8) 2-bedroom apartments, five (5) 3-bedroom apartments, and five (5) commercial units
• Within a short walk to prime Little Italy Belmont, St. Barnabas Hospital, Fordham University, & E Fordham Road Commercial District
• Few blocks from the famous Arthur Avenue, offering immediate access to popular eateries in the heart of The Bronx’s Little Italy
• Major retailers in the area include national brands Best Buy, Dollar Tree, Starbucks, and Chipotle
• The building’s close proximity to Fordham University makes it a natural destination for the area’s many students seeking quality housing options
• Midtown Manhattan & Westchester County can be reached within
PROPERTY FACTS
| Price Per Unit | $93,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.33% | Building Size | 28,000 SF |
| No. Units | 40 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R7-1 | ||
| Price Per Unit | $93,750 |
| Sale Type | Investment |
| Cap Rate | 7.33% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 28,000 SF |
| No. Stories | 5 |
| Year Built | 1927 |
| Opportunity Zone |
Yes |
| Zoning | R7-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 40 | - | - |
PROPERTY TAXES
| Parcel Number | 03102-0029 | Improvements Assessment | $699,300 |
| Land Assessment | $126,000 | Total Assessment | $825,300 |
PROPERTY TAXES
Parcel Number
03102-0029
Land Assessment
$126,000
Improvements Assessment
$699,300
Total Assessment
$825,300
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