726 E 227th
17 Unit Apartment Building $2,595,420 CAD ($152,672 CAD/Unit) 7.88% Cap Rate Bronx, NY 10466
INVESTMENT HIGHLIGHTS
- 17-Unit Multifamily Property
- 2 Blocks to 22nd Street Station
- 5 Garages
- 0.7 Miles to Woodlawn Metro North
EXECUTIVE SUMMARY
Northeast Private Client Group is pleased to present 726 E 227th Street, a 17-unit multifamily property in the Williamsbridge section of the Bronx.
726 E 227th Street is a 4-story walk-up containing a mix of 1-bedroom, 2-bedroom, and 3-bedroom units. The property is 100% rent-stabilized. Heat and hot water are provided by a central gas boiler. Tenants are responsible for gas stoves and electricity. The property has 5 garages in the rear, all currently rented at an average of $146/month.
726 East 227th Street is located 0.2 miles from the 225th Street Station, with access to the 2 and 5 subway lines. It is also within walking distance to the Woodlawn Metro North Station.
726 E 227th Street is a 4-story walk-up containing a mix of 1-bedroom, 2-bedroom, and 3-bedroom units. The property is 100% rent-stabilized. Heat and hot water are provided by a central gas boiler. Tenants are responsible for gas stoves and electricity. The property has 5 garages in the rear, all currently rented at an average of $146/month.
726 East 227th Street is located 0.2 miles from the 225th Street Station, with access to the 2 and 5 subway lines. It is also within walking distance to the Woodlawn Metro North Station.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $2,595,420 CAD |
| Price Per Unit | $152,672 CAD |
| Sale Type | Investment |
| Cap Rate | 7.88% |
| Gross Rent Multiplier | 6.43 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 12,765 SF |
| No. Stories | 4 |
| Year Built | 1930 |
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Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (89)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 04840-0061 | Improvements Assessment | $409,093 CAD |
| Land Assessment | $55,625 CAD | Total Assessment | $464,718 CAD |
ZONING
| Zoning Code | R5 |
