Type:
Multifamily
Sq Ft:
21,200
Units:
Property Description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 931-939 Summit Avenue Bronx, NY 10452. The subject deal offers four (4) contiguous eight (8) unit buildings that are in the High Bridge section of the Bronx.
Each building is made up of 8 apartments giving a total of 32 units across the four buildings. Each building is broken down to one studio-bedroom, five 1-bedrooms, and two 2-bedrooms. The buildings currently have a 421A Tax abatement that expires in 2030. Once the 421A tax abatement expires you will have a fully free market building allowing you to capture market rent and increase the net operating income.
Built in 2015, the property is 96 feet wide and 60 feet deep, giving a total of 21,200 square feet.
The building is in walking distance to the B, D and 4 train subway station.
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Block & Lot:
2523-66,67,68,69
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Neighborhood:
High Bridge
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Cross Streets:
West 161st and 162nd Street
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Building Dimensions:
96 ft x 59 ft
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Lot Dimensions:
100 ft x 90 ft
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Units:
32
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Total Approx. SF:
21,200
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Zoning:
R7-1
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FAR:
3,44
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Tax Class:
2B
