67 Unit Brick Multifamily in Fieldston Near Manhattan College & MTA Station
$6,575,000
4652 Manhattan College Parkway and 215 West 242nd Street, Bronx, NY 10471
7.8
Cap Rate
515,983
NOI
Details:
Description:
4652 Manhattan College Parkway and 215 West 242nd Street, The Bronx - Team Lala of RM Friedland is pleased to present this two-building, 67-unit multifamily package located in the Fieldston/Riverdale section of the Bronx, steps from Manhattan College and the 1 Train at West 242nd Street.
Built in 1923 and spanning five stories each, these all-brick buildings feature updated steel and glass entry doors, intercom systems, security cameras throughout, and marble staircases. Both properties share a silver coat rubber roof system and benefit from recent capital improvements, including an upgraded skylight, fresh pointing, refurbished parapets, and updated flashing. Select ground-floor units are walk-in.
West 242nd houses the mechanicals for both buildings, including a 2010-installed dual-fuel boiler (No. 4 oil) with a 4,000-gallon tank, and electric meters in newer condition. A single gas meter in the basement services the boiler. Electric meters are located in the basement of Manhattan College Parkway, while gas meters are inside apartments.
Residents benefit from immediate proximity to the 242nd Street–Van Cortlandt Park 1 Train station, providing direct subway access into Manhattan. The property is also within walking distance to Manhattan College, the expansive Van Cortlandt Park, and a variety of nearby amenities, including local shopping, entertainment, and dining along Broadway and Riverdale Avenue.
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