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222-226 Echo Pl
Bronx, NY 10457
Multifamily Property For Sale
·
44 Units
EXECUTIVE SUMMARY
Strong Section 8 Income – Modern Multifamily Investment
Introducing 222 Echo Avenue, a newer construction multifamily in the Bronx anchored by 100% Section 8 tenancy, providing investors with reliable, government-backed rental income. This property combines the security of long-term, subsidized rents with the benefits of modern building systems, ensuring low maintenance and strong operational efficiency. With a stable tenant base and consistent cash flow, 222 Echo Avenue presents a rare opportunity to acquire a secure and high-performing asset in a thriving Bronx neighborhood.
Introducing 222 Echo Avenue, a newer construction multifamily in the Bronx anchored by 100% Section 8 tenancy, providing investors with reliable, government-backed rental income. This property combines the security of long-term, subsidized rents with the benefits of modern building systems, ensuring low maintenance and strong operational efficiency. With a stable tenant base and consistent cash flow, 222 Echo Avenue presents a rare opportunity to acquire a secure and high-performing asset in a thriving Bronx neighborhood.
PROPERTY FACTS
| Price Per Unit | $599,105 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.32% | Lot Size | 0.13 AC |
| No. Units | 44 | Building Size | 33,399 SF |
| Property Type | Multifamily | No. Stories | 8 |
| Property Subtype | Apartment | Year Built | 2022 |
| Zoning | R8 - a high-density residential district, often allowing for multi-family buildings, typically 9 or 10 stories tall | ||
| Price Per Unit | $599,105 CAD |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 33,399 SF |
| No. Stories | 8 |
| Year Built | 2022 |
| Zoning | R8 - a high-density residential district, often allowing for multi-family buildings, typically 9 or 10 stories tall |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 22 | - | 625 |
PROPERTY TAXES
| Parcel Number | 02809-0017 | Improvements Assessment | $3,323,444 CAD |
| Land Assessment | $245,556 CAD | Total Assessment | $3,569,000 CAD |
PROPERTY TAXES
Parcel Number
02809-0017
Land Assessment
$245,556 CAD
Improvements Assessment
$3,323,444 CAD
Total Assessment
$3,569,000 CAD
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