For Sale For Rent
Advertise
bedrooms
bedrooms
0
bathrooms
bathrooms
25
square feet
square feet
16,015
acreage
Acreage
0.09848484848484848
open houses
Open Houses
-
year built
year built
2021
full baths
Full Baths
25
half baths
Half Baths
0
This property was newly built in 2021 and is the perfect investment property. The property comprises 21 residential units, 2 commercial spaces, and 4 parking spaces, totaling approximately 16,015 square feet. The building offers newly constructed affordable housing units through the NYC Housing Connect program. Amenities include split-unit heating and cooling systems, a laundry room, and bike storage. The property benefits from a 35-year 421-A tax abatement. Additionally, there is a $4.2 million government mortgage at a 5% interest rate, which is assumable by the buyer. With lower maintenance costs, the property's good condition, prime location, lower interest rates, and guaranteed rent payments by the city, this is a perfect investment opportunity. The building is conveniently located near public transportation, including the 2 and 5 subway lines, as well as multiple bus routes. Nearby neighborhoods include Belmont, Tremont, and Crotona Park East. It is near botanical gardens and 2 blocks away from the Bronx zoo. A rare investment opportunity like this is hard to find!
Location
Subdivision -
County Bronx
Elementary School -
Middle School -
High School -
Exact location data not provided
no map
open houses Open houses
None scheduled.
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MLS number: 489041
Listing agent: Chaohui Andrew Chen
Listing broker: Womcore Llc Dba Remax Edge (718) 612-3088
Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Saturday, February 22 2025 at 3:00 p.m. EST
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