Address
- Address: Summit Ave, Bronx, NY 10452
Property Information
- Total sq.ft: 4,600
- Total units: 7 (4 studios/ 3- one bdr)
- NOI: $224,000
- CAP RATE: 8.16 %
- Asking Price: $2,750,000
Summary
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Description:
✔️A rare multifamily investment opportunity located in the rapidly growing University Heights section of the Bronx.
✔️The property is a fully leased 7-unit building totaling 4,600 SF, featuring a mix of studios and one-bedroom apartments.
✔️This 4-story asset benefits from a 10-year tax abatement, producing a strong NOI of $224,000 and an attractive 8.16% cap rate.
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Exclusive Agents
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Contact Agent:
Eddie Hila
Phone: +1 (347) 444-6487
eddie@hillstonepropertiesny.com
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