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2029-2031 BURR AVENUE, BRONX, NY 10461 2 Multifamily Properties Offered at $3,754,566 CAD in Bronx, NY
Investment Highlights
- 11 Free Market Units - New Construction in the Pelham Bay section of the Bronx
- Given that the 421A tax abatement has expired, once a tenant leaves the unit will become free market allowing you to bring the rent up
- The buildings are in 2-minute walking distance from the pelham Bay Park subway station (6)
- The subject deal consists of two walk up brick apartment buildings
- The building has a ton of future upside, allowing you to increase the rent roll significantly
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively hired to sell 2029-2031 Burr Avenue located in the Pelham Bay section of the Bronx. The subject deal consists of two walk up brick apartment buildings.
2029 Burr Avenue is a 2-story free market three-unit building. The apartments are broken into one 3- bedroom apartment, one 2-bedroom apartment, and one 4-bedroom apartment.
2031 Burr Avenue is four story- eight unit building that was built in 2006. Given that the 421A tax abatement has expired, once a tenant leaves the unit will become free market allowing you to bring the rent up to top of the market. This gives the building a ton of future upside, allowing you to increase the rent roll significantly.
The buildings are in a 2-minute walking distance from the pelham Bay Park subway station (6).
2029 Burr Avenue is a 2-story free market three-unit building. The apartments are broken into one 3- bedroom apartment, one 2-bedroom apartment, and one 4-bedroom apartment.
2031 Burr Avenue is four story- eight unit building that was built in 2006. Given that the 421A tax abatement has expired, once a tenant leaves the unit will become free market allowing you to bring the rent up to top of the market. This gives the building a ton of future upside, allowing you to increase the rent roll significantly.
The buildings are in a 2-minute walking distance from the pelham Bay Park subway station (6).
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2031 Burr Ave, Bronx, NY 10461 | Multifamily | 9,540 SF | 2006 | - |
| 2029 Burr Ave, Bronx, NY 10461 | Multifamily | 2,940 SF | 1925 | - |
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2029-2031 BURR AVENUE, BRONX, NY 10461
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