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Matsia Properties Portfolio 7 Multifamily Properties Offered at $26,000,000 in Bronx, NY
EXECUTIVE SUMMARY
Seven-building (2 elevator, 5 walk-up), 372-unit portfolio strategically located across the desirable Bronx neighborhoods of Soundview, Park Versailles, Mott Haven, and Mount Eden
Consists of 351 residential apartments and 21 commercial units
Shelter Rent Taxes (Article XI) at 0.65% of Gross Rent extending until 2047, providing a long-term favorable tax structure
Additional tax benefits occur at five of the seven properties. Three properties (1801-1803 Archer Street, 1807-1809 Archer Street, and 1121 Elder Avenue) benefit from J-51 tax abatements. Additionally, two properties (1410 Morris Avenue and 526-32 Tinton Avenue) feature solar abatements, reflecting modern upgrades and potential savings
Professionally managed and well-maintained portfolio, ensuring smooth operations and preserving asset value for investors
Abundant Transportation surrounding all seven buildings as the properties are located in close proximity to bus lines & 6/B/D subway lines.
Consists of 351 residential apartments and 21 commercial units
Shelter Rent Taxes (Article XI) at 0.65% of Gross Rent extending until 2047, providing a long-term favorable tax structure
Additional tax benefits occur at five of the seven properties. Three properties (1801-1803 Archer Street, 1807-1809 Archer Street, and 1121 Elder Avenue) benefit from J-51 tax abatements. Additionally, two properties (1410 Morris Avenue and 526-32 Tinton Avenue) feature solar abatements, reflecting modern upgrades and potential savings
Professionally managed and well-maintained portfolio, ensuring smooth operations and preserving asset value for investors
Abundant Transportation surrounding all seven buildings as the properties are located in close proximity to bus lines & 6/B/D subway lines.
PROPERTY FACTS
| Price | $26,000,000 | Number of Properties | 7 |
| Price / SF | $84.23 / SF | Individually For Sale | 0 |
| Cap Rate | 8.23% | Total Building Size | 308,689 SF |
| Sale Type | Investment | Total Land Area | 1.89 AC |
| Status | Active |
| Price | $26,000,000 |
| Price / SF | $84.23 / SF |
| Cap Rate | 8.23% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 308,689 SF |
| Total Land Area | 1.89 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 526-30-32 Tinton Ave, Bronx, NY 10455 | Multifamily | 75,924 SF | 1925 | - |
|
1410 Morris Avenue
1410 Morris Ave, Bronx, NY 10456 |
Multifamily | 66,564 SF | 1941 | - |
| 1117 Manor Ave, Bronx, NY 10472 | Multifamily | 47,000 SF | 1930 | - |
| 1121 Elder Ave, Bronx, NY 10472 | Multifamily | 36,500 SF | 1928 | - |
| 1807-1809 Archer St, Bronx, NY 10460 | Multifamily | 34,945 SF | 1927 | - |
| 1801-1803 Archer St, Bronx, NY 10460 | Multifamily | 34,356 SF | 1927 | - |
| 1214 Wheeler Ave, Bronx, NY 10472 | Multifamily | 13,400 SF | 1913 | - |
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CONTACTS
-
Jason M. Gold -
Victor Sozio -
Shimon Shkury -
Howard Raber, Esq. -
Gabriel Elyaszadeh -
Ariel Property Advisors
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