Cap Rate
6.74%
Gross SQFT
14,666
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- Steps to Fordham University’s Main Campus
- $826,000 of equity required to assume original debt of $2,874,000, for qualified Buyers
- Located on the corner of E. 193rd Street & Bainbridge Avenue
- 5-story multifamily walk-up with 11 residential units
- J51 Tax Abatement through 2040, limiting tax exposure
- Assumable Debt at 4.49%, I/O through 8/31/25, Loan Maturity 8/31/32
- Large unit layouts, unit mix of 3BR, 4BR & 5BR apartments
- Access to Metro North (Fordham Station) and the 4, B & D Trains
Broker of Record
- Cory Rosenthal
- License No. 10991237833 (NY)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203