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85 E Mosholu Pky 37 Unit Apartment Building For Sale Bronx, NY 10467
INVESTMENT HIGHLIGHTS
- 37-unit walk-up in prime Norwood neighborhood with strong rental demand.
- 11 apartments are free market, offering immediate upside potential.
- Ideally located near Van Cortlandt Park Golf Course, Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train.
- Attractive unit mix of 32 one-bedroom and 5 two-bedroom apartments.
- Opportunity to implement value-add strategy through Section 8 subsidy standards.
EXECUTIVE SUMMARY
The New York Multifamily Team at Marcus & Millichap is pleased to offer the following opportunity in one of the most sought- after neighborhoods in the Bronx. 85 East Mosholu Parkway North is a 37-unit walk-up, ideally located in prime Norwood between Van Cortlandt Avenue and Jerome Avenue. Encompassing 31,875 square feet, this building has 11 apartments unencumbered by rent stabilization laws. With an average rent of $1,395 per free market unit, this opportunity allows an investor to implement a value-add strategy and increase rents through Section 8 subsidy standards. Owned and operated by the same group for nearly 25 years, 85 East Mosholu Parkway is ideally located near Van Courtlandt Park Golf Course, The Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train.
• THE BUILDING
This meticuoulsy maintained asset is a 37-unit walk-up composed of 32 one-bedroom and 5 two-bedroom apartments. 11/38
apartments are free market.
• PRIME LOCATION
85 E Mosholu Parkway North is conveinently located near Van Courtlandt Park Golf Course, The Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train.
• THE BUILDING
This meticuoulsy maintained asset is a 37-unit walk-up composed of 32 one-bedroom and 5 two-bedroom apartments. 11/38
apartments are free market.
• PRIME LOCATION
85 E Mosholu Parkway North is conveinently located near Van Courtlandt Park Golf Course, The Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 37 | Building Size | 31,875 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1924 |
| Building Class | C | ||
| Zoning | R7-1 - Medium-Density Apartment House District with Lower Parking Requirements. | ||
| Sale Type | Investment |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 31,875 SF |
| Average Occupancy | 97% |
| No. Stories | 5 |
| Year Built | 1924 |
| Zoning | R7-1 - Medium-Density Apartment House District with Lower Parking Requirements. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 23 | - | 750 |
| 2+1 | 8 | - | - |
| 3+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 03326-0018 | Improvements Assessment | $427,770 |
| Land Assessment | $45,450 | Total Assessment | $473,220 |
PROPERTY TAXES
Parcel Number
03326-0018
Land Assessment
$45,450
Improvements Assessment
$427,770
Total Assessment
$473,220
CONTACTS
-
Michael Fusco -
Seth Glasser -
Benjamin Myerow -
Christopher Mehran -
Marcus & Millichap
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85 E Mosholu Pky
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