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883 Bryant Ave 40 Unit Apartment Building $3,500,000 ($87,500/Unit) 16.67% Cap Rate Bronx, NY 10474
Executive Summary
RIPCO INVESTMENT SALES has been exclusively hired to handle the sale of 883 BRYANT AVENUE —an 8-story mixed-use elevator building currently under construction. This property, designed to feature 40 residential units and a significant community facility, offers a compelling opportunity in senior housing. Positioned in a key Bronx location, it benefits from excellent public transit accessibility and future developments like the upcoming Metro-North station.
Property Facts
| Price | $3,500,000 | Building Class | B |
| Price Per Unit | $87,500 | Lot Size | 0.12 AC |
| Sale Type | Investment | Construction Status | Deferred |
| Cap Rate | 16.67% | Building Size | 25,523 SF |
| No. Units | 40 | No. Stories | 8 |
| Property Type | Multifamily | Year Built | 2027 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R6 | ||
| Price | $3,500,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| Cap Rate | 16.67% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Construction Status | Deferred |
| Building Size | 25,523 SF |
| No. Stories | 8 |
| Year Built | 2027 |
| Opportunity Zone |
Yes |
| Zoning | R6 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02761-0107 | Improvements Assessment | $643,050 |
| Land Assessment | $124,491 | Total Assessment | $767,541 |
Property Taxes
Parcel Number
02761-0107
Land Assessment
$124,491
Improvements Assessment
$643,050
Total Assessment
$767,541
Contacts
-
Mitchel Flaherty -
Brian Whelan -
Jonathan Auerbach -
Jake Shapiro -
Luke Stone -
RIPCO Real Estate
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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883 Bryant Ave
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