request_info_guest false

49 Unit Multifamily 6 Story Elevator Building, Bronx NY

$5,000,000

3650 Bronx Blvd, Bronx, NY 10467, USA, Bronx, NY 10471

Active
Last Updated: 06/02/2025

7.6

Cap Rate

381,491

NOI

Details:
Cap Rate:    7.6%
NOI:    $381,491
Pro Forma Cap Rate :    11.6%
Building Size:    41,000 sqft
Lot Area:    10,300 sqft
Occupancy:    100%
Class:    D
Units:    49
GRM:    8.64
Year Built:    1932
Price Per Sqft:    $132
Price Per Unit:    $102,041
Floors:    6
Number of Elevators:    1
Investment Strategy:    Value Add
Description:

Subject Property is a Six-story Mid-Rise Masonry Elevator Apartment Building with 49 Apartments consisting of One (1) Studio, Forty One (41) 1 Bedroom & Seven(7) 2 Bedroom Residential Apartments. 149 Rooms Total. It is possible to duplex down to cellar, 2 first floor (Studio & 1 Bedroom) apartments. Building Gross total floor area of 41,514 Square foot. Property was Built in 1932 and is Located in the Olinville Section of the Bronx.

Map:
Documents:
Title
1-_Lichtenstein-3650_Bronx_Blvd_Bronx_49_Units_Multifamily_Offering_Memorandum__5M_DP.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery