- For Sale $5,200,000
- Property Type Multi-Family
- Property Size 32,752 SF
- Units 32
- Lot Size 0.07 Acre
- Cap Rate % 12.94
- Year Built 2006
- Date Updated Apr 16, 2026
Description
Rare opportunity to acquire a four building package totaling 32-units in prime Belmont
Portfolio wide 421a tax benefit in place, significantly reducing the effective tax burden
Unit mix comprised of six (6) one-bedroom apartments and twenty-six (26) two-bedroom apartments
Individually equipped with in-unit PTAC heating & cooling systems and dedicated hot water heaters for enhanced tenant comfort and reduced building-wide maintenance
Located steps from Fordham University and Belmont’s Little Italy corridor, ensuring consistent rental demand
Concentrated scale allowing for seamless management efficiencies
Located just 1 blocks from the famous Arthur Avenue, offering immediate access to popular eateries in the heart of The Bronx’s Little Italy, including the Arthur Avenue Retail Market which offers a variety of grocery stores, restaurants, and cafés.
Excellent access to transportation with nearby 4, B & D subway lines and the Metro-North Fordham Station, providing direct connectivity to Manhattan and the outer boroughs
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Contacts
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors