Woops... BP5 Bronx Multifamily Portfolio is no longer available.

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1745 Eastburn Ave Bronx, NY 10457

550 E 182nd St Bronx, NY 10457

1380 White Plains Rd Bronx, NY 10462

2440 Webb Ave Bronx, NY 10468

2415 Creston Ave Bronx, NY 10468

  • Rare Offering: An exceptional opportunity to acquire a 5-building residential portfolio totaling 131,421± square feet, 150 residential units and six stores
  • ​Cash-Flowing: Income-producing properties near 100% occupancy, offering stable cash flow
  • ​Preferential Rents: Significant upside in the last legal rents vs. collected rents
  • ​Well-Maintained Properties: Requiring minimal capital improvements and low maintenance costs (4 of the 5 buildings are in close proximity for operating efficiency)
  • ​Leverage: Strong in-place cash flow will result in favorable leverage due to the stability of historical occupancy at or near 100%
  • ​Under-Market Rents: In-place residential rents are below-market offering significant upside potential through future repositioning efforts
  • ​Points of Interest: In the vicinity of Bronx Community College, St. Barnabas Hospital, New York Botanical Garden, Bronx Zoo, Fordham University, Claremont Park, St. James Park, Devoe Park, University Heights Hudson Line, and Jacobi Health Center
  • ​Transportation: The residents are well served by public transportation, with numerous subway stations just a few short blocks away from each property as well as a network of bus lines available throughout the neighborhoods, providing access to all sides of the Bronx/Manhattan
  • ​Vehicular Traffic: The properties are located in the West Bronx with direct access to the Cross
  • ​Bronx Expressway (I-95), the George Washington Bridge, the New York State Thruway (I-87) and the Bronx River Parkway

Key Portfolio Information

Listing Status
Unavailable
Listing Type
Highest & best offer
Multifamily type
Mixed-Use
No. of Units
156
Building Size
131,420 Sq ft
Price per unit
142,788
Opportunity Zone
Off