722 Saint Lawrence Ave - Apartments FOR SALE


Bronx, NY 10473
$5,400,000 USD
212-430-5281
722 Saint Lawrence Ave, Bronx, NY for Sale
$5,400,000 USD
Apartments - FOR SALE
1/24
null | 8% Cap Rate

722 Saint Lawrence Ave
Bronx, NY 10473


HIGHLIGHTS

  • 722 St. Lawrence Avenue is a newly constructed, 17-unit walk-up building located right off on Soundview Avenue between Lafayette & Seward Avenue
  • The Building is composed of 10 studios, 6 one-bedrooms and 1 community facility with 6 parking spaces in the rear of the building
  • St. Lawrence benefits from the 485X tax abatement program and will have an annual tax bill of ~$5,258

OVERVIEW

New York Multifamily is pleased to offer the following opportunity located in the Soundview/Castle Hill submarket of the Bronx. 722 St. Lawrence Avenue is a newly constructed, 17-unit walk-up building located right off on Soundview Avenue between Lafayette & Seward Ave. St Lawrence is composed of 10 studios, 6 one-bedrooms and 1 community facility with 6 parking spaces in the rear of the building. Tenants are responsible for their own utilities, excluding hot water, offering investors the opportunity to acquire a brand-new, turn-key asset with a low expenses. The Building benefits from the 485X tax abatement program and will be delivered 100% vacant at closing.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$460 USD /SF

# OF UNITS

17

PRICE/UNIT

$317,647

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R6

APN/PARCEL ID

03597-0020

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.