220 Miriam - Apartments FOR SALE


Bronx, NY 10458- Jerome Park
$4,550,000 USD
212-430-5281
220 Miriam, Bronx, NY for Sale
$4,550,000 USD
Apartments - FOR SALE
1/13
null | 5.4% Cap Rate

220 Miriam
Bronx, NY 10458
Jerome Park


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,550,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

54

PRICE/UNIT

$84,259

CAP RATE

5.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,933 SF

ZONING

R8

APN/PARCEL ID

03304-0185

ASK ABOUT THIS PROPERTY

Michael FuscoMarcus & MillichapMore Info
212-430-5281

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Michael FuscoMarcus & MillichapMore Info
212-430-5281

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