2373 Arthur Ave - Apartments FOR SALE


Bronx, NY 10458- Belmont
$2,300,000 USD
914-968-8500
2373 Arthur Ave, Bronx, NY for Sale
$2,300,000 USD
Apartments - FOR SALE
1/5
null | 5.97% Cap Rate

2373 Arthur Ave
Bronx, NY 10458
Belmont


HIGHLIGHTS

  • 'Trophy' asset located on Arthur Avenue in the heart of The Bronx's Little Italy neighborhood (just off East 186th Street).
  • Consists of two buildings (front and rear) with a middle yard on one parcel.

OVERVIEW

Presenting the opportunity to acquire this 'trophy' asset located on Arthur Avenue in the heart of The Bronx's Little Italy neighborhood (just off East 186th Street). Fueled by Fordham University's ever expanding housing demand and the historic Little Italy shopping district, the Belmont section of the Bronx has maintained its status as one of the borough's most attractive and profitable locations. The subject property has been owned and managed by the same family for approximately forty three years and consists of two buildings (front and rear) with a middle yard on one parcel . The three story building with frontage on Arthur Avenue consists of a long established neighborhood mainstay pizzeria with four apartments above. The rear building is a two story, two family home. Both properties have basements and have had new roofs installed in the past five years. There is an oil boiler and a 275 gallon above ground tank. This centrally located site would be ideal for student housing or an owner/user.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$599 USD /SF

# OF UNITS

7

PRICE/UNIT

$328,571

CAP RATE

5.97%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,087 SF

ZONING

C7

APN/PARCEL ID

03065-0051

ASK ABOUT THIS PROPERTY

Marco LalaRM FriedlandMore Info
914-968-8500

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Marco LalaRM FriedlandMore Info
914-968-8500

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