$7,950,000
bedrooms
0
bathrooms
25
square feet
16,015
Acreage
0.09848484848484848
Open Houses
-
year built
2021
Full Baths
25
Half Baths
0
This property was newly built in 2021 and is the perfect investment property. The property comprises 21 residential units, 2 commercial spaces, and 4 parking spaces, totaling approximately 16,015 square feet. The building offers newly constructed affordable housing units through the NYC Housing Connect program.
Amenities include split-unit heating and cooling systems, a laundry room, and bike storage. The property benefits from a 35-year 421-A tax abatement. Additionally, there is a $4.2 million government mortgage at a 5% interest rate, which is assumable by the buyer.
With lower maintenance costs, the property's good condition, prime location, lower interest rates, and guaranteed rent payments by the city, this is a perfect investment opportunity.
The building is conveniently located near public transportation, including the 2 and 5 subway lines, as well as multiple bus routes. Nearby neighborhoods include Belmont, Tremont, and Crotona Park East. It is near botanical gardens and 2 blocks away from the Bronx zoo.
A rare investment opportunity like this is hard to find!
Location | |
Subdivision | - |
County | Bronx |
Elementary School | - |
Middle School | - |
High School | - |
Exact location data not provided
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 489041
Listing agent:
Chaohui Andrew Chen
Listing broker:
Womcore Llc Dba Remax Edge
(718) 612-3088
Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Saturday, February 22 2025 at 3:00 p.m. EST
Kotohomes National