- For Sale $7,500,000
- Property Type Multi-Family
- Property Size 19,499 SF
- Units 25
- Lot Size 0.05 Acre
- # of Floors 4
- Building Class B
- Year Built 2014
- Date Updated Jun 12, 2023
Investment Highlights
Ariel Property Advisors is pleased to present the Fteley Avenue portfolio, a package of three (3) recently built walk-up multifamily buildings. The properties are located in the Soundview sections of the Bronx.
943-947 Fteley Avenue are three contiguous 4-story multifamily walk-up buildings totaling 19,499 square feet containing 26 units. The properties are comprised of two (2) studio apartments, thirteen (13) one-bedroom apartments, ten (10) two-bedroom apartments, & one office space. The assets are encumbered by a 421-A Tax Exemption expiring in 2031 & the tenants pay for their own utilities.
The properties are under Tax Class 2B, which provides investors with a limitation on tax increases for the future. Additionally, the portfolio provides immediate access to a wide variety of transportation options such as the 4/B/D/6 trains located just a short walk away. The Fteley Avenue presents the rare opportunity to acquire three properties of scale and steady cash flow in rapidly growing areas of the Bronx.
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Contacts
Location
Getting Around
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Walk Score ®
85/100
Very Walkable
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Transit Score ®
84/100
Excellent Transit
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Bike Score ®
54/100
Bikeable
- City Bronx, NY
- Neighborhood Soundview
- Zip Code 10473
- Market Bronx
Points of Interest
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Morrison Avenue–Soundview
0.44 miles
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Elder Avenue
0.55 miles
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Saint Lawrence Avenue
0.56 miles
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Parkchester
0.82 miles
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Whitlock Avenue
0.84 miles
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Hunts Point Avenue
1.08 miles
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Southern Boulevard (exit only)
1.12 miles
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Simpson Street
1.17 miles
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Freeman Street
1.19 miles
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Castle Hill Avenue SW Corner
1.21 miles
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Gulf
0.74 miles
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BP
0.79 miles
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BP
0.80 miles
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Gulf
1.11 miles
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Sunoco
1.13 miles
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Mobil
1.24 miles
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Gulf
1.36 miles
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Citgo
1.85 miles
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BP
1.96 miles
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Mobil
2.30 miles
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Little Man Parking
1.06 miles
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P & P Car Parking
1.24 miles
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Kelly Street Parking
1.34 miles
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Asia Parking
1.61 miles
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Department of Sanitation District 6 Garage
1.63 miles
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Southern Boulevard Parking
1.91 miles
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Bronx River Parking
2.01 miles
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Fordham Regional Parking Facility
2.51 miles
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Parking Area A
2.58 miles
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Concourse Plaza Garage
2.61 miles
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Super 8
1.15 miles
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Hutchinson - Whitestone Motel
2.27 miles
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Residence Inn The Bronx
2.32 miles
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Bronx Park Motel
2.34 miles
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Umbrella Hotel
2.35 miles
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Opera House Hotel
2.44 miles
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Holiday Inn Express Bronx, NYC, Stadium Area
3.15 miles
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Rodeway Inn
3.22 miles
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Comfort Inn & Suites
3.23 miles
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Best Western
3.24 miles
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White Castle
0.08 miles
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McDonald's
0.22 miles
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Popeyes
0.22 miles
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Lucky Garden
0.32 miles
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Ricuras
0.32 miles
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Kennedy Fried Chicken & Pizza
0.35 miles
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New Yankee Pizza
0.43 miles
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New Ranch Restaurant
0.45 miles
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Burger King
0.45 miles
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McDonald's
0.50 miles
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New School for Arts and Sciences
0.19 miles
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Junior High School X123 James M Kiernan
0.20 miles
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Carl C Icahn Charter School Bronx North
0.35 miles
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Public School 93
0.37 miles
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Public School 100
0.43 miles
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Intermediate School 131
0.55 miles
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Holy Cross School
0.67 miles
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Monroe High School
0.67 miles
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Bronx Coalition Community High School
0.68 miles
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X550 High School of World Cultures
0.69 miles
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East Bronx NAACP Day Care Center
0.56 miles
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Prospect Family Support Center
1.60 miles
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Kid Krazy
3.68 miles
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Bright Start
4.25 miles
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Children's Learning Company
4.31 miles
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Jackson Development Center
4.45 miles
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Astoria Child Daycare
4.52 miles
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Friends & Family Daycare
4.56 miles
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Playlab Kids
4.65 miles
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Sunshine Learning Center
4.72 miles
Frequently Asked Questions
What is the lease rate for The Fteley Avenue Portfolio?
Rental asking rate at The Fteley Avenue Portfolio is $3,750,000.00/YR.
What is the total square footage of The Fteley Avenue Portfolio?
The Fteley Avenue Portfolio totals 19,499 square feet.
When was this property built?
The Fteley Avenue Portfolio was built in 2014.
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