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100 Unit Multifamily Portfolio with J-51 Tax Abatement

$6,600,000

1316 Morris Avenue, 1361 College Avenue & 1335 College Avenue, Bronx, NY 10456

Active
Last Updated: 08/14/2025

6.2

Cap Rate

76,050 sqft

Building Size

Details:
Cap Rate:    6.2%
Building Size:    76,050 sqft
Lot Area:    23,105 sqft
Units:    100
GRM:    4.62
Price Per Sqft:    $87
Price Per Unit:    $66,000
Zoning:    R7-1
Highlights:
  • 3-building, 100-unit portfolio in the Claremont Village neighborhood of the Bronx
  • Portfolio benefits from J-51 Tax Abatement expiring in 2027 and 2028
  • All 3 buildings are professionally managed and are within a block of each other offering a new owner a streamlined management process
  • In close proximity to major retail corridors on East 170th Street and Grand Concourse and surrounded by two major Bronx parks, Claremont Park and Grant Park
  • Portfolio also offers easy accessibility to transportation with Bx11, Bx32 and B/D subway stops
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