Map of Property

Fordham Multifamily

2650 Marion Ave, Bronx, NY 10458

  • For Sale $28,000,000
  • Property Type Multi-Family
  • Property Size 96,492 SF
  • Units 100
  • Lot Size 0.19 Acre
  • Year Built 1911
  • Date Updated Feb 5, 2024
  • 6 total walk-up buildings, spanning 96,500 gross square feet, with 100 residential units and 311 bedrooms.
  • Densely positioned within 1 block of one another, simplifying management and maintenance.
  • 435′ of street frontage with each building having airshafts and carveouts, allowing windows on all four sides.
  • $2,650,000 gross income, averaging $2,200 per unit, with a T12 NOI of $1,900,000.
  • All 6 buildings are perfectly maintained with less than 12 violations per building on average.
  • 3 Buildings benefit from a J51 abatement through 2037-2040, as a result of recent capital improvements.
  • Agency debt is assumable at an average of 4.6% Fixed, with I/O burning off in 2026. Debt model available.
  • Our asking price of $28,000,000 suggests a 14% Cash on Cash, or 9% after principal, come 2026.
  • The buildings have separate loans and can be sold individually or as a package.
  • Large unit layouts and proximity to Fordham make this a potential student housing opportunity. 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Brock Emmetsberger

Matthews Real Estate Investment Services

Location

Getting Around

  • Walk Score ®

    92/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • City Bronx, NY
  • Neighborhood Fordham
  • Zip Code 10458
  • Market Bronx

Points of Interest

  • Fordham

    0.21 miles

  • Kingsbridge Road

    0.24 miles

  • Fordham Road

    0.45 miles

  • Botanical Garden

    0.48 miles

  • Bedford Park Blvd.

    0.54 miles

  • Bedford park Blvd.

    0.56 miles

  • Fordham Road

    0.57 miles

  • Bedford Park Boulevard–Lehman College

    0.61 miles

  • Bedford Park Boulevard

    0.62 miles

  • 182-183 Street

    0.79 miles

  • Exxon

    0.37 miles

  • Shell

    0.49 miles

  • BP

    0.51 miles

  • Lukoil

    0.88 miles

  • Gulf

    1.27 miles

  • Sunoco Gas Station

    1.34 miles

  • Speedway

    1.41 miles

  • BP

    1.45 miles

  • BP

    1.50 miles

  • Mobil

    1.54 miles

  • Parking Area A

    0.54 miles

  • Fordham Regional Parking Facility

    0.58 miles

  • Southern Boulevard Parking

    1.09 miles

  • Bronx River Parking

    1.22 miles

  • Asia Parking

    1.43 miles

  • Department of Sanitation District 6 Garage

    1.49 miles

  • Broadway Parking Garage

    1.74 miles

  • Edison Parkfast #136

    2.04 miles

  • P & P Car Parking

    2.86 miles

  • Little Man Parking

    2.87 miles

  • Bronx Park Motel

    0.70 miles

  • Rodeway Inn

    0.76 miles

  • El Rancho Motel

    1.81 miles

  • Crown Motor Inn

    2.09 miles

  • Super 8

    2.57 miles

  • Residence Inn The Bronx

    2.70 miles

  • Pelham Garden Motel

    3.13 miles

  • Best Western

    3.14 miles

  • Hutchinson - Whitestone Motel

    3.16 miles

  • Ramada

    3.26 miles

  • Little Caesars

    0.18 miles

  • 2 Bros. Pizza

    0.35 miles

  • Texas Chicken & Burgers

    0.37 miles

  • Dunkin'

    0.41 miles

  • New Capital

    0.43 miles

  • White Castle

    0.45 miles

  • Hudson Garden Grill

    0.46 miles

  • Fiesta Cafe Bar

    0.51 miles

  • Howl at the Moon

    0.53 miles

  • Tony & Tina's Pizzeria

    0.54 miles

  • Public School 46

    0.17 miles

  • Fordham Leadership Academy

    0.35 miles

  • Bronx High School of Law and Community Service

    0.35 miles

  • Fordham High School of Arts

    0.36 miles

  • Theodore Roosevelt High School

    0.36 miles

  • Belmont Preparatory High School

    0.36 miles

  • Knowledge And Power Preparatory International High School

    0.37 miles

  • Academy of Mount St. Ursala

    0.37 miles

  • Fordham University

    0.42 miles

  • Mount Carmel School

    0.43 miles

  • Children's Learning Company

    1.34 miles

  • East Bronx NAACP Day Care Center

    2.71 miles

  • Prospect Family Support Center

    3.37 miles

  • Tig and Peach

    5.14 miles

  • Pelham Children's Center

    5.32 miles

  • Junior Wonders Nursey School

    5.41 miles

  • Friends & Family Daycare

    5.84 miles

  • Kid Krazy

    5.85 miles

  • Park West Montessori School

    6.01 miles

  • Sunshine Learning Center

    6.03 miles

Frequently Asked Questions

What is the lease rate for Fordham Multifamily?

Rental asking rate at Fordham Multifamily is $14,000,000.00/YR.

What is the total square footage of Fordham Multifamily?

Fordham Multifamily totals 96,492 square feet.

When was this property built?

Fordham Multifamily was built in 1911.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Brock Emmetsberger

Matthews Real Estate Investment Services