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211 Marion & 907 E 173rd St - 11.8 Cap 2 Multifamily Properties Offered at $3,151,747 CAD in Multiple Locations
INVESTMENT HIGHLIGHTS
- A well-maintained mixed-use property featuring ground-floor retail with strong visibility along Flatbush Ave, complemented by residential units above.
- 11.8% Cap Rate | 4.6x GRM | $98K Price Per Unit | $118/SF
- The assets provide geographic diversity and long-term renter demand
- The asset benefits from high daily foot traffic and long-standing tenancy.
- Positioned in two stable, transit-connected neighborhoods, Ocean Hill and Soundview
- With average rents of $1,791 and all units stabilized, the portfolio delivers immediate income with value-add potential through cosmetic upgrades.
EXECUTIVE SUMMARY
New York Multifamily is pleased to present the exclusive offering of a two-building, 100% rent-stabilized portfolio located at 211 Marion Street in Brooklyn and 907 East 173rd Street in the Bronx. 211 Marion Street is located in the Bedford-Stuyvesant section of Brooklyn, one of the borough’s most dynamic residential neighborhoods. The property benefits from close proximity to Fulton Street retail, local dining, schools, and multiple subway lines providing direct access to Downtown Brooklyn and Manhattan. Professionally managed and well maintained, the building offers consistent occupancy supported by long-term tenants and a strong working-class renter base. 907 East 173rd Street is situated in the Soundview/West Farms section of the Bronx, a neighborhood experiencing steady population growth and continued investment. The property is positioned near major retail corridors, schools, and several subway lines, including the 2, 5, and 6, offering excellent connectivity to Manhattan. Its 100% rent-stabilized tenant base provides dependable income and minimizes vacancy risk, a hallmark of the Bronx multifamily market.
PROPERTY FACTS
| Price | $3,151,747 CAD | Number of Properties | 2 |
| Price / SF | $164.11 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 11.80% | Total Building Size | 19,205 SF |
| Sale Type | Investment | Total Land Area | 0.17 AC |
| Status | Active |
| Price | $3,151,747 CAD |
| Price / SF | $164.11 CAD / SF |
| Cap Rate | 11.80% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 19,205 SF |
| Total Land Area | 0.17 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 907 E 173rd St, Bronx, NY 10460 | Multifamily | 13,805 SF | 1914 | - |
| 211 Marion St, Brooklyn, NY 11233 | Multifamily | 5,400 SF | 1906 | - |
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CONTACTS
-
Seth Glasser -
Michael Fusco -
Daniel Greenblatt -
Benjamin Myerow -
Christopher Mehran -
Marcus & Millichap
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211 Marion & 907 E 173rd St - 11.8 Cap
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