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158-160 W 168th St 65 Unit Apartment Building $8,026,540 CAD ($123,485 CAD/Unit) 7.58% Cap Rate Bronx, NY 10452
EXECUTIVE SUMMARY
Located on the south side of W 168th Street between University Avenue & Ogden Avenue
Unit breakdown is comprised of twenty (20) 1-bedroom apartments, thirty-nine (39) 2-bedroom apartments, five (5) 3-bedroom apartments, one super's unit and two(2) commercial units
Benefits from a J-51 tax alteration on each of the buildings that are set to expire in 2029
Additional income realized through antenna lease
Transportation options nearby include Major Deegan Expy, Jerome Avenue, Bx18A, and the 4 train at 167th Street
Within a mile of the recently renovated Highbridge Park, Bronx Lebanon Hospital, Yankee Stadium, as well as the West Bronx Recreation Center
Within a short walk to prime East 167th Street retail corridor, The Highbridge Green School, & PS 126
Unit breakdown is comprised of twenty (20) 1-bedroom apartments, thirty-nine (39) 2-bedroom apartments, five (5) 3-bedroom apartments, one super's unit and two(2) commercial units
Benefits from a J-51 tax alteration on each of the buildings that are set to expire in 2029
Additional income realized through antenna lease
Transportation options nearby include Major Deegan Expy, Jerome Avenue, Bx18A, and the 4 train at 167th Street
Within a mile of the recently renovated Highbridge Park, Bronx Lebanon Hospital, Yankee Stadium, as well as the West Bronx Recreation Center
Within a short walk to prime East 167th Street retail corridor, The Highbridge Green School, & PS 126
PROPERTY FACTS
| Price | $8,026,540 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $123,485 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 7.58% | Building Size | 63,185 SF |
| No. Units | 65 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R7-1 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. R7-1 has more parking requirements. | ||
| Price | $8,026,540 CAD |
| Price Per Unit | $123,485 CAD |
| Sale Type | Investment |
| Cap Rate | 7.58% |
| No. Units | 65 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 63,185 SF |
| No. Stories | 6 |
| Year Built | 1928 |
| Opportunity Zone |
Yes |
| Zoning | R7-1 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. R7-1 has more parking requirements. |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Hardwood Floors
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
1 1
Walk Score®
Very Walkable (85)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 02528-0019 | Improvements Assessment | $1,738,994 CAD |
| Land Assessment | $171,566 CAD | Total Assessment | $1,910,560 CAD |
PROPERTY TAXES
Parcel Number
02528-0019
Land Assessment
$171,566 CAD
Improvements Assessment
$1,738,994 CAD
Total Assessment
$1,910,560 CAD
CONTACTS
-
Daniel Mahfar -
Victor Sozio -
Shimon Shkury -
Jake Brody -
Erik Moloney -
Ariel Property Advisors
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158-160 W 168th St
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