Map of Property

Fordham Multifamily

For Sale

2650 Marion Ave, Bronx, NY 10458

This Bronx property for sale is located at 2650 Marion Ave. The current listed sale price for Fordham Multifamily is $28,000,000. Fordham Multifamily is situated on a lot that is 0.19 acre in size.

Contacts

Brock Emmetsberger

Matthews Real Estate Investment Services

Property Details

  • Property Type Multi-Family
  • Property Size 96,492 SF
  • Units 100
  • Lot Size 0.19 Acre
  • Year Built 1911
  • Date Updated Jan 23, 2025
  • 6 total walk-up buildings, spanning 96,500 gross square feet, with 100 residential units and 311 bedrooms.
  • Densely positioned within 1 block of one another, simplifying management and maintenance.
  • 435′ of street frontage with each building having airshafts and carveouts, allowing windows on all four sides.
  • $2,650,000 gross income, averaging $2,200 per unit, with a T12 NOI of $1,900,000.
  • All 6 buildings are perfectly maintained with less than 12 violations per building on average.
  • 3 Buildings benefit from a J51 abatement through 2037-2040, as a result of recent capital improvements.
  • Agency debt is assumable at an average of 4.6% Fixed, with I/O burning off in 2026. Debt model available.
  • Our asking price of $28,000,000 suggests a 14% Cash on Cash, or 9% after principal, come 2026.
  • The buildings have separate loans and can be sold individually or as a package.
  • Large unit layouts and proximity to Fordham make this a potential student housing opportunity. 
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Getting around

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  • 100/100

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  • 51/100

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Location

  • City Bronx, NY
  • Neighborhood Fordham
  • Zip Code 10458
  • Market Bronx

Points of Interest

  • Fordham

    0.21 miles

  • Kingsbridge Road

    0.42 miles

  • Bedford Park Blvd.

    0.54 miles

  • Bedford park Blvd.

    0.56 miles

  • Bedford Park Boulevard

    0.62 miles

  • 182-183 Street

    0.81 miles

  • Norwood–205th Street

    0.93 miles

  • Mosholu Parkway

    1.09 miles

  • Marble Hill–225th Street

    1.24 miles

  • Tremont

    1.32 miles

  • Exxon

    0.37 miles

  • Shell

    0.49 miles

  • BP

    0.51 miles

  • Lukoil

    0.88 miles

  • Gulf

    1.27 miles

  • Sunoco

    1.34 miles

  • Mobil

    1.54 miles

  • Tesla Supercharger

    3.22 miles

  • plugNYC

    6.76 miles

  • ChargePoint

    6.81 miles

  • Peter Jay Sharp Building

    0.43 miles

  • Jerome – 190th Street Municipal Parking Garage

    0.52 miles

  • Parking Area A

    0.54 miles

  • Fordham Regional Parking Facility

    0.58 miles

  • NYPD Bronx Tow Pound

    1.03 miles

  • Southern Boulevard Parking

    1.09 miles

  • Bronx River Parking

    1.21 miles

  • Asia Parking

    1.43 miles

  • Department of Sanitation District 6 Garage

    1.49 miles

  • Broadway Parking Garage

    1.74 miles

  • Bronx Park Motel

    0.70 miles

  • Rodeway Inn

    0.76 miles

  • Days Inn

    1.35 miles

  • El Rancho Motel

    1.81 miles

  • Crown Motor Inn

    2.09 miles

  • Hotel Moca

    2.41 miles

  • Radio Hotel

    2.45 miles

  • Super 8

    2.57 miles

  • Residence Inn The Bronx

    2.70 miles

  • Pelham Garden Motel

    3.13 miles

  • Burlington

    0.17 miles

  • Cherry Valley

    0.29 miles

  • Met

    0.31 miles

  • Target

    0.34 miles

  • Morton Williams

    0.39 miles

  • Marshalls

    0.40 miles

  • Dime

    0.48 miles

  • Modern Market

    0.66 miles

  • Antillana

    0.74 miles

  • Fine Fare Supermarket

    0.75 miles

Contact Listing Broker
Brock Emmetsberger

Matthews Real Estate Investment Services

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