Contacts
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Property Details
- Property Type Multi-Family
- Property Size 11,529 SF
- Units 17
- Lot Size 5,385 SF
- Cap Rate % 8.54
- Taxes / YR $4,309.00
- Zoning R6
- Year Built 2024
- Date Updated Jul 28, 2026
Investment Highlights
2024 New Construction:
Two (2) adjacent multifamily assets spanning 11,529 gross square feet in the Parkchester section of the Bronx
Valuable Tax Protection:
Benefits from a full 35-year 421a tax exemption, providing long-term savings
Strategic Unit Breakdown:
17-unit portfolio featuring an efficient layout of three (3) studios, nine (9) one-bedroom, and five (5) two-bedroom apartments. Legally structured as sixteen (16) Rent Stabilized units and one (1) Free Market unit.
Fully Occupied Cash Flow:
Offers immediate, turnkey revenue driven by the Augmented CityFHEPS program at 130% AMI, securing a government-supported rental income stream day one
Premium Return Profile:
High-yield investment opportunity featuring an in place cap rate above comparable new construction assets, translating to an attractive double digit cash on cash return
Transit Oriented Location:
Positioned within walking distance to both the East 180th Street station (2,5) and the Parkchester Station (6) offering dual-line subway access, and connectivity to the Bx39 bus line on White Plains Road
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
-
94/100
Walk Score ®
-
100/100
Transit Score ®
-
57/100
Bike Score ®
Location
- City Bronx, NY
- Neighborhood Park Versailles - Bronx River
- Zip Code 10460
- Market Bronx
Points of Interest
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Bronx Park East
0.68 miles
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Castle Hill Avenue SW Corner
0.80 miles
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Castle Hill Avenue NE Corner
0.81 miles
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Morrison Avenue–Soundview
0.84 miles
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Westchester Square–East Tremont Avenue
1.19 miles
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Middletown Road
1.56 miles
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Tremont
1.87 miles
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Southern Boulevard (exit only)
1.88 miles
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Fordham
2.02 miles
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Intervale Avenue
2.03 miles
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Gulf
0.31 miles
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BP
0.37 miles
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Sunoco
0.95 miles
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76
1.17 miles
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Shell
1.25 miles
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Citgo
1.43 miles
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Tesla Supercharger
2.53 miles
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plugNYC
6.03 miles
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ChargePoint
6.30 miles
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FLO
6.84 miles
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Metropolis
0.53 miles
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Chang Li Supermarket Inc.
0.61 miles
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Asia Parking
0.77 miles
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Bronx River Parking
1.02 miles
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Southern Boulevard Parking
1.13 miles
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Department of Sanitation District 6 Garage
1.25 miles
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Fordham Regional Parking Facility
1.62 miles
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Parking Area A
1.68 miles
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Little Man Parking
1.74 miles
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P & P Car Parking
1.87 miles
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Residence Inn The Bronx
1.41 miles
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Bronx Park Motel
1.48 miles
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Hutchinson - Whitestone Motel
1.55 miles
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Super 8
1.62 miles
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Rodeway Inn
2.23 miles
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Pelham Garden Motel
2.38 miles
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Crown Motor Inn
2.49 miles
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Days Inn
2.69 miles
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El Rancho Motel
2.94 miles
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Umbrella Hotel
2.95 miles
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Bravo
0.12 miles
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Macy's
0.30 miles
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Marshalls
0.34 miles
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Pioneer
0.47 miles
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C Town
0.53 miles
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Khalil Supermarket
0.58 miles
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Premium Halal Meat & Fish
0.59 miles
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Al-Aqsa Supermarket
0.60 miles
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Grocery Outlet
0.60 miles
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Keyfoods
0.72 miles
