Elevator Multifamily with 65 Units in Kingsbridge Heights - Strong Rents and Original Architectural Features
$5,485,000
2834 Heath Avenue, New York, NY 10463
7.8
Cap Rate
430,523
NOI
Details:
Description:
2834 Heath Avenue, The Bronx - Presenting a six-story, elevator apartment building located in Kingsbridge Heights. The property features 65 apartments across approximately 68,448 SF.
The building showcases classic prewar charm with a steel and glass arched entrance that leads into an original detailed tile and stone vestibule. Inside, residents are welcomed by a spacious, beautifully designed lobby featuring arched architectural elements and elegant steel and marble stairwells.
Each unit is equipped with its own circuit breakers, while all breaker panels, gas meters, and electric meters are located in the basement. Heating is provided by a gas-fired boiler with a dual-fuel capable burner. Although the oil tank has been decommissioned, the building retains the infrastructure for flexible fuel sourcing. The roof is a silver-coated rubber membrane, and the parapet walls have been fully rebuilt, contributing to the building’s strong physical condition.
Located just off W Kingsbridge Road, 2834 Heath Avenue offers quick access to the 1 train at Marble Hill–225th Street and 231st Street stations. Nearby amenities include a Target and BJ’s shopping center, local grocery stores, pharmacies, and dining options. The area is also served by several MTA bus lines and is close to the VA Medical Center.
Documents:
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Offering Memorandum
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Location
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