1643-1645 Popham Avenue Multi-Family FOR SALE


Bronx, NY - Morris Heights
$5,250,000 USD
646-568-6192
, Bronx, NY for Sale
$5,250,000 USD
Multi-Family - FOR SALE
1/1
null | 5.91% Cap Rate

1643-1645 Popham Avenue
Bronx, NY
Morris Heights


HIGHLIGHTS

  • Potential upside upon lease turnover with new subsidy payment standards totaling $2,696 for one-bedroom apartments
  • Existing Loan of $3,829,000 at a 3.79% interest rate. Maturity Date in 2030
  • Enjoys easy access to transportation, being a quick walk away from the 4 subway line at Mount Eden Ave Station

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Daniel MahfarAriel Property AdvisorsMore Info
646-568-6192

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

Daniel MahfarAriel Property AdvisorsMore Info
646-568-6192

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