The Fteley Avenue Portfolio, NY

Listed on Nov 7, 2024

6.54% CAP

·

no data

Multi-family

Property Type

$490,863

Net Operating Income (NOI)

26 unit(s)

Total Units

6.54%

CAP RATE

26

Leasable Doors

$288,462

Price per unit

Apartment

Subtype

Presenting a package of three (3) recently built walk-up multifamily buildings. The properties are located in the Soundview sections of the Bronx.

943-947 Fteley Avenue are three contiguous 4-story multifamily walk-up buildings totaling 19,499 square feet containing 26 units. The properties are comprised of two (2) studio apartments, thirteen (13) one-bedroom apartments, ten (10) two-bedroom apartments, & one office space. The assets are encumbered by a 421-A Tax Exemption expiring in 2031 & the tenants pay for their own utilities.

The properties are under Tax Class 2B, which provides investors with a limitation on tax increases for the future. Additionally, the portfolio provides immediate access to a wide variety of transportation options such as the 4/B/D/6 trains located just a short walk away. The Fteley Avenue presents the rare opportunity to acquire three properties of scale and steady cash flow in rapidly growing areas of the Bronx.

Video Tour

Valuation Calculator

$
$
$
%
%
0
  
0
  
0%
  
$0
$0
$0 /mo
$0
$0 /mo
Clear Values

More homes for sale

  • Biodynamic® Certified ±614 Acres

    Total Units: 2

    No price / unit data

    No CAP data provided

    No (NOI) data provided

    Leasable Doors: 2

    $16,900,000

    For Sale

  • 24 Acres Old Kimbro Road

    Total Units: 2

    No price / unit data

    No CAP data provided

    No (NOI) data provided

    Leasable Doors: 2

    $10,700,000

    For Sale

  • Portfolio of 2 Peterson Land Properties

    Total Units: 2

    No price / unit data

    No CAP data provided

    No (NOI) data provided

    Leasable Doors: 2

    $4,300,000

    For Sale

  • Toll road 45 and Hwy 620 FRONTAGE for Sale!

    Total Units: 2

    No price / unit data

    No CAP data provided

    No (NOI) data provided

    Leasable Doors: 2

    $3,100,000

    For Sale

  • Pike St Land Portfolio Sale

    Total Units: 2

    No price / unit data

    No CAP data provided

    No (NOI) data provided

    Leasable Doors: 2

    $1,990,000

    For Sale

  • 3.8 acre prime site for development

    Total Units: 2

    No price / unit data

    No CAP data provided

    No (NOI) data provided

    Leasable Doors: 2

    $1,520,000

    For Sale