- For Sale $9,000,000
- Property Type Multi-Family
- Property Size 25,522 SF
- Units 32
- Lot Size 0.09 Acre
- Year Built 2021
- Date Updated Oct 29, 2026
Description
New Construction Elevator Building: Rare opportunity to acquire a modern, 9-story elevator multifamily building spanning 25,616 gross square feet.
Long Term 421-a Tax Protection: Benefits from a long-term 35-year 421-a tax exemption with 23 consecutive years of 100% full exemption remaining, suppressing 2026/27 annual real estate taxes to just $552.
Fully Occupied: 100% occupied, with 31 of the 32 residential units backed by municipal voucher programs (CityFHEPS and FHEPS), delivering a secure, government-subsidized rental stream.
Turnkey Condition: Delivered in turnkey physical condition requiring zero upfront CapEx or deferred maintenance across an efficient unit mix of thirteen (13) studios and nineteen (19) one-bedroom apartments.
Prime Grand Concourse Location: Situated on the west side of the Grand Concourse in Bedford Park, with Unmatched commuter accessibility positioned nearby the B & D subway lines, 4 train, and the Metro-North Railroad.
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Contacts
Ariel Property Advisors
Ariel Property Advisors
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