FOR SALE | Franklin Avenue Portfolio | Three Multifamily & Mixed-Use Buildings Containing 154 Units

1229 Franklin Avenue, Bronx, NY

$21,200,000

Price

6.75%

Cap Rate

161,591 sqft

Building Size

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Street
Map
Overview
Cap Rate
6.75%
Building Size
161,591 sqft
Lot Area
43,531 sqft
Units
154
GRM
6.99
Price Per Sqft
$131
Price Per Unit
$137,662
Highlights
  • Package of two (2) multifamily elevator and one (1) walk-up building located in the Morrisania section of the Bronx
  • Consists of 147 residential units, 7 commercial units and spans a total of 161,591 gross square feet
  • Unit Breakdown is comprised of seventy-six (76) 1-bedroom apartments, fifty (50) 2-bedrooms apartments, twenty-one (21) 3-bedrooms apartments, and seven (7) commercial units
  • Transportation is in abundance surrounding all three (3) buildings as the properties are in close proximity to the 2/5 subway lines on Freeman Street and the Metro-North train station
  • The properties benefit from its prime location surrounded by major retail thoroughfares such as Jerome/Webster Avenue and East 170th Street
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