Contacts
Ariel Property Advisors
Ariel Property Advisors
Property Details
- Property Type Multi-Family
- Property Size 34,000 SF
- Units 24
- Lot Size 5,000 SF
- Cap Rate % 7.99
- Zoning R7-1
- Date Updated Jul 15, 2026
Two Adjacent New Construction Buildings with 421a Tax Abatements.
Investment Highlights:
100% Turn-Key Opportunity:
Two pristine, newly constructed multifamily properties completed just this year. With TCO fully secured, you bypass all construction delays and acquire a true turn-key asset ready for immediate occupancy and cash flow.
Unmatched Tax Efficiency:
Maximize your long-term ROI with a highly coveted 35-year 421a tax abatement. This powerful exemption significantly suppresses carrying costs, locking in enhanced cash flow and massive tax savings for decades to come.
28 Total Units + Future Revenue:
The portfolio offers 24 beautifully finished residential apartments and 4 community facility units across both buildings, providing buyers with a blank canvas to add tenant storage for an immediate boost to the rent roll.
Premium & Accessible Build:
Constructed to the highest modern standards, the entire property is fully ADA compliant with wheelchair-accessible layouts that drastically widen your tenant pool. Highly sought-after lifestyle features, including a communal roof deck and secure bike storage, will drive leasing demand and maximize tenant retention.
Strategic Commuter Location:
Perfectly positioned in vibrant and rapidly appreciating Crotona Park East. Tenants will love the effortless Manhattan commutes via the nearby 2 and 5 express trains, fantastic local walkability, and instant access to sprawling greenspaces like Crotona Park and the Bronx Zoo.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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78/100
Walk Score ®
-
100/100
Transit Score ®
-
70/100
Bike Score ®
Location
- City Bronx, NY
- Neighborhood Fairmont - Claremont Village
- Zip Code 10460
- Market Bronx
Points of Interest
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Morrison Avenue–Soundview
0.71 miles
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Southern Boulevard (exit only)
0.93 miles
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Intervale Avenue
0.94 miles
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Tremont
1.13 miles
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Bronx Park East
1.45 miles
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174th–175th Streets
1.47 miles
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American Base No.1
1.60 miles
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Mount Eden Avenue
1.62 miles
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182-183 Street
1.73 miles
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Castle Hill Avenue SW Corner
1.85 miles
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BP
0.78 miles
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Gulf
0.94 miles
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Mobil
1.21 miles
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Sunoco
1.65 miles
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Lukoil
1.68 miles
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Shell
1.72 miles
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Tesla Supercharger
3.68 miles
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plugNYC
5.00 miles
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ChargePoint
5.20 miles
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FLO
5.68 miles
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Department of Sanitation District 6 Garage
0.66 miles
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Little Man Parking
0.76 miles
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P & P Car Parking
0.80 miles
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Kelly Street Parking
0.95 miles
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Asia Parking
1.06 miles
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Southern Boulevard Parking
1.18 miles
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Bronx River Parking
1.54 miles
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Metropolis
1.66 miles
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Chang Li Supermarket Inc.
1.66 miles
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Fordham Regional Parking Facility
1.79 miles
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Super 8
0.50 miles
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Bronx Park Motel
1.62 miles
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Umbrella Hotel
1.78 miles
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Opera House Hotel
1.97 miles
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Best Western Plus
2.33 miles
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Holiday Inn Express
2.50 miles
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Radio Hotel
2.53 miles
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Hotel Moca
2.53 miles
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Rodeway Inn
2.57 miles
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Residence Inn The Bronx
2.59 miles
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Western Beef
0.13 miles
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C-Town
0.27 miles
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Fine Fare
0.39 miles
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Associated
0.65 miles
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Key Foods
0.65 miles
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Keyfoods
0.66 miles
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Bravo
1.23 miles
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Trade Fair
1.24 miles
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Real
1.31 miles
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Macy's
1.37 miles