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9 Stories, Two Elevators, 113 Apartments, 3 Retail Spaces and Dental Office For Sale

$10,750,000

2665 Grand Concourse, Bronx, NY 10468

Active
Last Updated: 04/22/2025

9.1

Cap Rate

981,606

NOI

Details:
Cap Rate:    9.1%
NOI:    $981,606
Building Size:    150,000 sqft
Lot Area:    22,120 sqft
Units:    117
Year Built:    1922
Price Per Sqft:    $72
Price Per Unit:    $92,000
Zoning:    R8, C1-3
Description:

This nine-story brick building comprises 113 residential apartments (including two rooftop penthouse suites), one office and three commercial spaces. It is situated at the northwest corner of the Grand Concourse and Kingsbridge Road in the Fordham section of The Bronx.

2665 Grand Concourse features an appealing steel and glass entrance, two elevators, a spacious marble tiled lobby with columns, a 40- camera security system, an intercom system, copper plumbing, a rubber roof, a rooftop water tank, a well maintained boiler installed in 1980, and two 5,000-gallon oil tanks (#2 oil).

Additionally, Verizon and Optimum services are available throughout the property, all meters are located in the basement, and commercial tenants have their own water meters.

The laundry room is equipped with seven washers and six dryers under contract with Hercules.

Apartments feature high ceilings and recent renovations, including stainless steel appliances.

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