2305-2307 Crotona Ave - Apartments FOR SALE


Bronx, NY 10458- Belmont
$3,000,000 USD
516-268-4262
2305-2307 Crotona Ave, Bronx, NY for Sale
$3,000,000 USD
Apartments - FOR SALE
1/5
null | 9.81% Cap Rate

2305-2307 Crotona Ave
Bronx, NY 10458
Belmont


HIGHLIGHTS

  • Young Construction
  • high rents
  • All programs
  • R7-1 zoning
  • very high cap rate

OVERVIEW

Introducing a rare and exceptional investment opportunity in the Bronx: 2305 and 2307 Cortana Avenue, two stunning properties that offer a combined total of 10 apartments. Built in 2011, these modern buildings are situated on a prime R7 zoned block, providing unparalleled potential for long-term appreciation. 100% collection rate, these properties boast extremely high rents, ensuring a stable and secure cash flow. The going-in cap rate over 9% , making this an attractive opportunity for savvy investors seeking a strong return on investment. Key Highlights: - 10 residential units across two properties - Built in 2011, offering modern amenities and efficient operations - Prime R7 zoned block, ripe for long-term appreciation - 100% collection rate, ensuring stable cash flow - Extremely high rents, driving a high going-in cap rate - fully individualized utilities Don't miss this chance to acquire two exceptional properties in a thriving neighborhood. Contact us today to schedule a viewing and take advantage of this outstanding investment opportunity."

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$667 USD /SF

# OF UNITS

10

PRICE/UNIT

$300,000

CAP RATE

9.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2011

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

1,999 SF

ZONING

R7-1

APN/PARCEL ID

03103-0056

ASK ABOUT THIS PROPERTY

Avraham BirnbaumTwelve Stones Realty LLCMore Info
516-268-4262

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Avraham BirnbaumTwelve Stones Realty LLCMore Info
516-268-4262

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