2901 Matthews - Apartments FOR SALE


Bronx, NY 10467- Allerton
$2,389,000 USD
914-670-7065
2901 Matthews, Bronx, NY for Sale
$2,389,000 USD
Apartments - FOR SALE
1/24
null | 6.86% Cap Rate

2901 Matthews
Bronx, NY 10467
Allerton


HIGHLIGHTS

  • Gorgeous property with No Deferred Maintenance
  • Generational Asset. Renovated units with outdoor parking
  • Over $54,000 of immediate upside in rent roll

OVERVIEW

NuRealty Advisors Inc. proudly presents the Exclusive Listing for 2901 Matthews Avenue, Bronx, NY 10467. Situated in the desirable Allerton submarket, the property has nearly three decades under the same ownership. Meticulously maintained and in pristine condition, it requires no deferred maintenance. The property offers 14 apartments (one studio, thirteen 1BRs) and six outdoor parking spaces. The annual Legal Regulated Rent of $281K exceeds the annual Preferential Rent by $54K, providing significant and immediate upside for an investor. For For more information, please contact Team@NuRealtyAdvisors.com. See Attached Offering Memorandum.

FOR SALE DETAILS

PRICE

$2,389,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

14

PRICE/UNIT

$170,643

CAP RATE

6.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14 Units & Pkg * 7% Cap * Motivated Seller!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

R6

APN/PARCEL ID

04550-0001

ASK ABOUT THIS PROPERTY

Michael NukhoNuRealty Advisors, Inc.More Info
914-670-7065

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Michael NukhoNuRealty Advisors, Inc.More Info
914-670-7065

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