Map of Property

The Fteley Avenue Portfolio

For Sale

943 Fteley Ave, Bronx, NY 10473

This Bronx property for sale is located at 943 Fteley Ave. The general use of The Fteley Avenue Portfolio is multi-family and it incorporates 19,499 square feet of class B multi-family space. The current listed sale price for The Fteley Avenue Portfolio is $7,500,000. The Fteley Avenue Portfolio is situated on a lot that is 0.05 acre in size.

Contacts

broker

Daniel Mahfar

Ariel Property Advisors

(212) 544-9500 x 99

broker

Jason M. Gold

Ariel Property Advisors

(212) 544-9500 x 22

Property Details

  • Property Type Multi-Family
  • Property Size 19,499 SF
  • Units 25
  • Lot Size 0.05 Acre
  • # of Floors 4
  • Building Class B
  • Year Built 2014
  • Date Updated Jun 12, 2023

Investment Highlights

Ariel Property Advisors is pleased to present the Fteley Avenue portfolio, a package of three (3) recently built walk-up multifamily buildings. The properties are located in the Soundview sections of the Bronx.

943-947 Fteley Avenue are three contiguous 4-story multifamily walk-up buildings totaling 19,499 square feet containing 26 units. The properties are comprised of two (2) studio apartments, thirteen (13) one-bedroom apartments, ten (10) two-bedroom apartments, & one office space. The assets are encumbered by a 421-A Tax Exemption expiring in 2031 & the tenants pay for their own utilities.

The properties are under Tax Class 2B, which provides investors with a limitation on tax increases for the future. Additionally, the portfolio provides immediate access to a wide variety of transportation options such as the 4/B/D/6 trains located just a short walk away. The Fteley Avenue presents the rare opportunity to acquire three properties of scale and steady cash flow in rapidly growing areas of the Bronx.

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Getting around

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Location

  • City Bronx, NY
  • Neighborhood Soundview
  • Zip Code 10473
  • Market Bronx

Points of Interest

  • Morrison Avenue–Soundview

    0.44 miles

  • Elder Avenue

    0.55 miles

  • Saint Lawrence Avenue

    0.56 miles

  • Parkchester

    0.82 miles

  • Whitlock Avenue

    0.84 miles

  • Hunts Point Avenue

    1.08 miles

  • Southern Boulevard (exit only)

    1.12 miles

  • Simpson Street

    1.17 miles

  • Freeman Street

    1.19 miles

  • Castle Hill Avenue SW Corner

    1.21 miles

  • Gulf

    0.74 miles

  • BP

    0.79 miles

  • BP

    0.80 miles

  • Gulf

    1.11 miles

  • Sunoco

    1.13 miles

  • Mobil

    1.24 miles

  • Gulf

    1.36 miles

  • Citgo

    1.85 miles

  • BP

    1.96 miles

  • Mobil

    2.30 miles

  • Little Man Parking

    1.06 miles

  • P & P Car Parking

    1.24 miles

  • Kelly Street Parking

    1.34 miles

  • Asia Parking

    1.61 miles

  • Department of Sanitation District 6 Garage

    1.63 miles

  • Southern Boulevard Parking

    1.91 miles

  • Bronx River Parking

    2.01 miles

  • Fordham Regional Parking Facility

    2.51 miles

  • Parking Area A

    2.58 miles

  • Concourse Plaza Garage

    2.61 miles

  • Super 8

    1.15 miles

  • Hutchinson - Whitestone Motel

    2.27 miles

  • Residence Inn The Bronx

    2.32 miles

  • Bronx Park Motel

    2.34 miles

  • Umbrella Hotel

    2.35 miles

  • Opera House Hotel

    2.44 miles

  • Holiday Inn Express Bronx, NYC, Stadium Area

    3.15 miles

  • Rodeway Inn

    3.22 miles

  • Comfort Inn & Suites

    3.23 miles

  • Best Western

    3.24 miles

  • Associated

    0.47 miles

  • C Town

    0.78 miles

  • Bravo

    1.02 miles

  • Key Foods

    1.08 miles

  • A world of Spice

    1.19 miles

  • Western Beef

    1.22 miles

  • Keyfoods

    1.25 miles

  • C-Town

    1.30 miles

  • Fine Fare

    1.44 miles

  • Pioneer

    1.57 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact The Fteley Avenue Portfolio