New York Multifamily is pleased to offer the following opportunity in the highly sought-after Bedford Park neighborhood of the Bronx. 220 Miriam Street is a 52-unit walk-up composed of 20 one-bedroom, 23
two-bedroom, 8 three-bedroom, and 1 four-bedroom apartments. Situated on the corner of Valentine Avenue and Miriam Street, this building encompasses 54,200 square feet and offers 105’ of frontage. Additionally, this asset has been proudly owned and operated
by the same family for over 35 years. Conveniently located, 220 Miriam Street is steps away from Fordham University, Lehman College, St. James Park, and the Kingsbridge Road train station.
• The Building: 52-unit walk-up composed of 20 one-bedroom, 23 two-bedroom, 8 three-bedroom, and 1 four-bedroom apartments.
• Low Basis: $87,500 per unit / $84 per square foot
• The Metrics: Asking 6.5x GRM or 6.0% cap rate from day one on the offering price
• Convenient Location: 220 Miriam Street benefits from proximity to major institutions and amenities, including Fordham University, Lehman College, St. James Park, and the Kingsbridge Road train station.