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Prime Little Italy 32-Unit Value-Add Portfolio

$5,800,000

2376 Hoffman Street, Bronx, NY 10458

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Last Updated: 11/05/2025

11.34

Cap Rate

32,752 sqft

Building Size

Details:
Cap Rate:    11.34%
Building Size:    32,752 sqft
Lot Area:    11,912 sqft
Units:    32
GRM:    6.16
Price Per Sqft:    $177
Price Per Unit:    $181,250
Zoning:    R6 / C1-4
Highlights:
  • Rare opportunity to acquire a four-building package totaling 32 units in prime Belmont
  • Portfolio wide 421a tax benefit in place, significantly reducing the effective tax burden
  • Unit mix comprised of six (6) one-bedroom apartments and twenty-six (26) two-bedroom apartments
  • Individually equipped with in-unit PTAC heating & cooling systems and dedicated hot water heaters for enhanced tenant comfort and reduced building-wide maintenance
  • Concentrated scale allowing for seamless management efficiencies
  • Located steps from Fordham University and Belmont’s Little Italy corridor, ensuring consistent rental demand
  • Located just 1 block from the famous Arthur Avenue, offering immediate access to popular eateries in the heart of The Bronx’s Little Italy, including the Arthur Avenue Retail Market which offers a variety of grocery stores, restaurants, and cafés.
  • Excellent access to transportation with nearby 4, B & D subway lines and the Metro-North Fordham Station, providing direct connectivity to Manhattan and the outer boroughs
Description:

Hoffman Street Portfolio - For Sale
2376 Hoffman Street
2378 Hoffman Street
2384 Hoffman Street
2386 Hoffman Street

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