212-544-9500
1314 Seneca Ave, Bronx, NY for Sale
Apartments - FOR SALE
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1314 Seneca Ave
Bronx, NY 10474
Hunts Point


HIGHLIGHTS

  • Affordable Housing Opportunity with Value-Add Potential
  • Beneficiary of an Article XI tax abatement

OVERVIEW

• Contains 60 residential units and 2 occupied commercial units within approximately 65,137 gross square feet • Recent approval of 610 amendment to existing regulatory agreement allows for significant revenue growth • Beneficiary of an Article XI tax abatement, which has a term of 40 years and commenced in 2018 with the taxes being capped at 1% of gross rent until 2028 and 6.5% until 2058 • Convenient location near multiple subway stops (2/5/6). Westchester and other boroughs accessible via the Bruckner Expressway and Westchester Avenue. • Apartment unit mix consists of 16 one-bedrooms, 26 two-bedrooms, 15 three-bedrooms, and 3 four-bedrooms

FOR SALE DETAILS

PRICE

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# OF UNITS

60

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,985 SF

ZONING

R6, Bronx, D7

APN/PARCEL ID

02762-1001,02762-1002,02762-1003

ASK ABOUT THIS PROPERTY

Victor SozioAriel Property AdvisorsMore Info
212-544-9500

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Victor SozioAriel Property AdvisorsMore Info
212-544-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.