SEVEN 421A TAX ABATED BRONX BUILDINGS

2414 Westchester Avenue, Bronx, NY

$14,790,000

Price

 
 
Overview
Description

The subject package consists of seven 421a abated multi-family buildings constructed between 2001 and 2005 (C/Os issues 2002 & 2007). A savvy investor will benefit from what is estimated to be over $3 million in tax savings over 14 years. 3331, 3333 and 3335 Hull Avenue consists of three adjacent eight unit buildings and 2414-2020 Westchester Avenue consists of four adjacent eight-family properties with limited rear parking. There are a total of 56 residential apartments. Tenants pay for heat in all buildings and hot water in the Westchester Ave Properties. Great locations... Norwood Bronx 1/2 a block off of Gun hill road near Montefiore Hospital and the Metro North... Westchester Avenue in Castle Hill Bronx 1/4 a block from the Zerega train station.

Highlights
  • 7 Buildings, 8 Units Each 56 Residential Apts
  • 3 Bldgs on Hull Ave just south of E Gun Hill Rd.
  • 4 Bldgs on Westchester Ave just north of Zerega Ave
  • All tenants pay for heat with separate systems
  • 421a tax abatements with an estimated $3M+ in savings over 14 years

Location
Gallery