931-935 E 179th St - Apartments FOR SALE


Bronx, NY 10460
$12,900,000 USD
917-418-8233
931-935 E 179th St, Bronx, NY for Sale
$12,900,000 USD
Apartments - FOR SALE
1/19
null | 7.08% Cap Rate

931-935 E 179th St
Bronx, NY 10460


OVERVIEW

This newly constructed seven-story building is situated in the vibrant West Farms neighborhood of the Bronx. Comprising 37 units, the property offers a diverse mix of residences, including 2 studio-bedrooms, 19 one-bedrooms, and 16 two-bedrooms. The building boasts a coveted 35-year 421-A tax abatement, providing significant financial benefits until 6/30/2056. Currently fully occupied, the property also features 12 parking spaces. Constructed in 2021, the property spans 7,329 square feet, with a total building square footage of 26,661. Its prime location offers easy access to the 2&5 subway lines and the renowned Bronx Zoo.

FOR SALE DETAILS

PRICE

$12,900,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

37

PRICE/UNIT

$348,649

CAP RATE

7.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

931 E 179 Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

2021

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,851 SF

ZONING

R7-1

APN/PARCEL ID

03127-0039

ASK ABOUT THIS PROPERTY

Siang LiuP R O Links RealtyMore Info
917-418-8233

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Siang LiuP R O Links RealtyMore Info
917-418-8233

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