2523-2525 University Ave | Bronx, NY 10468
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- LoopNet Team
2523-2525 University Ave
Bronx, NY 10468
Multifamily Property For Sale · 60 Units
Investment Highlights
- There are $534,084 in annual preferential rents allowing a new owner to maximize on rent growth upon unit turnover.
- Conveniently located off the Kingsbridge Road and Fordham Road Retail Hubs, the VA Medical Center, Lehman College and 0.5 miles to the 4/B/D subways
- Ability to purchase this asset at 9x GRM or $160/pf sitting well below replacements costs
PROPERTY FACTS
| No. Units | 60 | Lot Size | 0.48 AC |
| Property Type | Multifamily | Building Size | 58,585 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid Rise | Year Built | 1922 |
| Building Class | B |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.48 AC |
| Building Size | 58,585 SF |
| No. Stories | 5 |
| Year Built | 1922 |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Controlled Access
- Courtyard
- Gated
- Video Patrol
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | - |
PROPERTY TAXES
| Parcel Number | 03220-0096 | Improvements Assessment | $2,071,568 |
| Land Assessment | $251,490 | Total Assessment | $2,323,058 |
PROPERTY TAXES
Parcel Number
03220-0096
Land Assessment
$251,490
Improvements Assessment
$2,071,568
Total Assessment
$2,323,058
zoning
| Zoning Code | R6 |
| R6 |
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