$7,950,000 • full bathroom(s) • living size area 16015 sqft

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!

Multi Family - for Sale

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