- For Sale $3,750,000
- Property Type Multi-Family
- Property Size 42,000 SF
- Units 42
- Lot Size 9,200 SF
- Cap Rate % 7.5
- Zoning R8 / C
- # of Floors 6
- Year Built 1920
- Date Updated Sep 16, 2025
Description
All properties in the Bronx Rent Stabilized Portfolio can be purchased separately or together for $16,000,000.00.
Located on the Northwest corner of Grand Concourse & E 179th Street.
Unit breakdown is comprised of twelve (12) 1-bedroom apartments, sixteen (16) 2-bedroom apartments, eight (8) 3-bedroom apartments, five (5) 4-bedroom apartments and one (1) 5-bedroom apartment.
Abundance of national/local commercial tenants are accessible for residents on E Tremont Avenue, E Burnside Avenue, & Grand Concourse.
The asset is in close proximity to supermarkets, local eateries, schools & medical institutions.
Transportation is in abundance surrounding the building as the properties are located directly in front of the B/D subway line & the Bx1/2 bus stop.
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Contacts
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors