Tegford Portfolio Multi-Family FOR SALE


Bronx, NY - Melrose
$25,000,000 USD
212-544-9500
, Bronx, NY for Sale
$25,000,000 USD
Multi-Family - FOR SALE
1/7
null | 7.07% Cap Rate

Tegford Portfolio
Bronx, NY
Melrose


OVERVIEW

249 units across 9 walk-up buildings located in the Longwood section of the Bronx. Large footprint encompassing almost a whole city block, ideal for assemblage buyers and prime for seamless management. Sustainable retail tenancy with strong historical collections. Concentrated scale with efficient building systems. 48 year long term ownership. 4 of the assets are situated along the 152nd Street retail corridor, 2 blocks from the Jackson Ave subway stop for the 2/5 trains along Westchester Avenue. Portfolio benefits from a J-51 tax abatement expiring between 2038-2039. Offered at well below replacement cost. 25% of residential units currently on preferential rents.

ASK ABOUT THIS PROPERTY

Victor SozioAriel Property AdvisorsMore Info
212-544-9500

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Victor SozioAriel Property AdvisorsMore Info
212-544-9500

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