Four Building Multifamily & Mixed Use Package Totaling 66 Apartments And 4 Stores Across Manhattan & The Bronx
$11,020,000
2512 University Avenue, New York, NY 10468
9.43
Cap Rate
1,039,117
NOI
Details:
Description:
Team Lala of RM Friedland is pleased to present this exclusive portfolio offering consisting of four multifamily and mixed-use buildings located across Harlem and the Bronx. Together, the properties comprise sixty-six residential apartments and four ground-floor retail storefronts spanning approximately 58,000 gross square feet, representing a diversified and income-producing package in established New York City neighborhoods.
The buildings feature secure steel and glass entry doors, intercom systems, and cameras throughout, with common areas upgraded by LED lighting and durable staircases of steel and marble. Roofs across the portfolio are silver-coated and in stable condition, while building systems include a mix of dual-fuel boilers, gas and electric meters in basements, and above-ground oil tanks providing flexibility of service.
Apartments are generally well maintained, with a number of units already renovated with stainless steel appliances and modern finishes, alongside vacant apartments that are rent-ready and positioned for immediate leasing.
The package also includes four retail spaces, providing additional income streams that complement the residential tenancy.
With locations including City College, Belmont, Arthur Avenue, Fordham, and the Grand Concourse, each property benefits from proximity to major transportation, shopping corridors, dining, parks, and healthcare facilities, ensuring continued demand and strong long-term fundamentals.
Documents:
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