6x Properties for sale

A rare investment opportunity to acquire six three-story young construction brick buildings, all located on the same block spanning Grace Avenue and Arnow Avenue in the Bronx. Each property is a legal two-family residence and fully occupied by program tenants with high, reliable rents. The buildings feature solid brick construction and large, full floor layouts, that consist of 3 bedrooms and 2 bathrooms each; making management and maintenance efficient.
This portfolio offers significant upside potential. The ground floors are fully built out, presenting a possible unique opportunity to convert the properties to three-family residences under the newly passed "City of Yes" zoning reforms, which encourage increased density. This potential expansion could significantly enhance rental income and long-term value.
Located in a high-demand (Baychester / throngs neck) area of the Bronx, and moments away from Baychester plaza these properties benefit from proximity to public transportation, schools, and shopping. With a stable income stream and the flexibility for future development, this portfolio is ideal for investors seeking both immediate returns and long-term growth.
the current cap rate sits at 8.47 CAP
and projected CAP rate of 11.77% !!