$3,000,000
Est. payment /mo
4,795 Sqft Lot
New
700-710 Bartholdi ST Bronx, NY 10467
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1007169
Rental Info No
Year Built 2012
Annual Tax Amount $6,907
Lot Size 4,795 Sqft
Acres 0.1101
Property Sub-Type Multi Family
Source onekey2
Property Description
A 20-unit, two-building multifamily investment located in the Allerton / Williamsbridge section of the Bronx. Originally constructed in 2012, the side-by-side properties operate as a single asset with a stabilized voucher-backed tenant base and benefit from a 421-a 25-Year No Cap tax exemption that materially reduces operating expenses through the remainder of the abatement period. At the asking price of $3,000,000, the offering represents a 7.66% in-place cap rate on $229,804 of NOI, with stabilized voucher rent collections and modern
construction reducing both vacancy and capital expenditure risk. 3.75% assumable debt in place.
construction reducing both vacancy and capital expenditure risk. 3.75% assumable debt in place.
Location
State NY
County Bronx County
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Driveway
Utilities Available Cable Available
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Contact Agent
School District Contact Agent
Others
Special Listing Condition None
Listed by Distinguished Realty Services • Francis J. Morris
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