Two (2) multifamily properties constructed in 2016 located in the Morris Heights section of the Bronx.
Two (2), 4-story, 9-unit walk-up buildings totaling 15,224 SF. Each building enjoys free market status, containing nine (9) one-bedroom units. 2B tax classification, offering protection from future tax increases.
Potential upside upon lease turnover with new subsidy payment standards totaling $2,584 for one-bedroom apartments with
tenants paying for gas & electric.