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675 Morris Avenue & 3000 Park Avenue 2 biens | Immeuble residentiel | Bronx, NY
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- 278,931 gross SF portfolio across two 8-story elevator buildings.
- Benefits from a 421-A tax exemption through 2033, with future potential to convert to a 420-c tax benefit.
- Approval for 610 amendment to the existing regulatory agreement allowing for significant revenue growth.
- Features a diverse mix of 209 residential units consisting of studios, 1-bedroom, 2-bedroom and 3-bedroom units.
- 209 residential units, 6 commercial spaces totaling 24,000 SF, two garages with a total of 54 spaces and an antenna on the roof.
- Outstanding mortgage of $23,000,000 at a highly competitive 3.80% interest rate.
Résumé analytique
The 675 Morris Avenue and 3000 Park Avenue portfolio presents an outstanding investment opportunity in the heart of the Bronx’s evolving Melrose neighborhood. This 278,931 SF residential portfolio consists of two 8-story elevator buildings featuring 217 total units, including 209 residential apartments and 6 commercial spaces. Completed in 2006 and 2007, the properties offer modern construction, reducing near-term capital expenditure requirements. The buildings benefit from a lucrative 421-a tax exemption in place through 2033 with a potential future conversion to 420-c, further enhancing long-term value. Investors will appreciate the assumable $23 million low-interest debt at a competitive 3.80% rate and the potential for significant revenue growth via a 610 amendment. Situated in a key transit-oriented area, the portfolio provides exceptional access to multiple subway lines and major destinations, positioned at the center of one of the Bronx’s most active development corridors.
Informations sur l’immeuble
| Type de vente | Investissement | Individuellement en vente | 0 |
| Statut | Actif | Surface totale de l’immeuble | 25 914 m² |
| Nb de biens | 2 | Surface totale du terrain | 0,31 ha |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 2 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 25 914 m² |
| Surface totale du terrain | 0,31 ha |
Biens
| Nom du bien/adresse | Type de bien | Surface | Année de construction | Prix individuel |
|---|---|---|---|---|
|
Morris Avenue Cornerstone Bronx
675 Morris Ave, Bronx, NY 10451 |
Immeuble residentiel | 16 831 m² | 2006 | - |
| 3000 Park Ave, Bronx, NY 10451 | Immeuble residentiel | 9 082 m² | 2007 | - |
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(212) 544-9500
x12
Contacts
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Victor Sozio -
Jason M. Gold -
Gabriel Elyaszadeh -
Sam Schertz -
Remi Mandell -
Ariel Property Advisors
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675 Morris Avenue & 3000 Park Avenue
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