3000 Valentine Ave - Apartments FOR SALE


Bronx, NY 10458- Bedford Park
$3,000,000 USD
212-430-6134
3000 Valentine Ave, Bronx, NY for Sale
$3,000,000 USD
Apartments - FOR SALE
1/15
null | 8.7% Cap Rate

3000 Valentine Ave
Bronx, NY 10458
Bedford Park


OVERVIEW

New York Multifamily is pleased to present the portfolio of unsold co-op shares at 3000 Valentine Avenue. Located in the Bedford Park neighborhood of the Bronx, this portfolio is composed of 13 free-market apartments. Additionally, this well-maintained, 6-story elevator building comprises a total of 57 apartments. The portfolio offers investors immediate upside potential, with 50% of the units fully renovated. 3000 Valentine Avenue is conveniently located near Fordham University, The New York Botanical Garden, and The Bedford Park Boulevard Subway Station. THE OPPORTUNITY Free Market: All 13 units are already destabilized, providing investors with the opportunity to vacate and renovate the remaining unrenovated units Discount to Market Value: Vacant free-market units are trading at approximately $230 per square foot. This package is being offered at: • 20% discount on unrenovated, deregulated units • 15% discount on renovated, deregulated units Unit make-up: These unsold units are composed of 1 studio, 5 one-bedroom, and 7 two-bedroom apartments. Cash Flow: A buyer can either sell the units immediately or continue to operate them as a rental and earn 8%.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$54 USD /SF

# OF UNITS

13

PRICE/UNIT

$230,769

CAP RATE

8.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Origin North Valentine

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1937

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,502 SF

ZONING

R8

APN/PARCEL ID

03307-0001

ASK ABOUT THIS PROPERTY

Seth GlasserMarcus & MillichapMore Info
212-430-6134

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Seth GlasserMarcus & MillichapMore Info
212-430-6134

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