49 Unit Multifamily 6 Story Elevator Building, Bronx NY
$5,500,000
5770 Palisade Avenue, Bronx, NY 10471
For Sale
Multifamily
Mid High Rise
Active
Last Updated: 07/16/2024
6.94
Cap Rate
381,491
NOI
Details:
Cap Rate: 6.94%
NOI: $381,491
Pro Forma Cap Rate : 10.55%
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: $112,245
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.
Documents:
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1-_Lichtenstein-3650_Bronx_Blvd_Bronx_49_Units_Multifamily_Offering_Memorandum__5.5M_DP.pdf
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Location
Gallery
