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2250 Grand Concourse 22 Unit Apartment Building $3,719,520 CAD ($169,069 CAD/Unit) 9.17% Cap Rate Bronx, NY 10457
Investment Highlights
- 22-unit rent-stabilized multifamily building in the Fordham neighborhood.
- Located on Grand Concourse near the B and D subway lines.
- Five-story walk-up situated on a 50' x 100' lot.
- Three vacant units provide immediate leasing and value-add potential.
- Steps from Fordham Road retail corridor, Fordham University, and Bronx Zoo.
- Direct access to Bx1 and Bx2 bus service at the property's doorstep.
Executive Summary
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 2250 Grand Concourse (the “Property”), a five-story multifamily walk-up located in the heart of Fordham, Bronx. The Property is 17,270 square feet, sits on a 50’ × 100’ lot, and consists of 22 rent-stabilized units, three of which are vacant.
2250 Grand Concourse is ideally positioned on the Grand Concourse between East 182nd Street and East 183rd Street, one of the Bronx’s most prominent and well-established
residential corridors. The Property is steps from the 182nd–183rd Streets subway station, serviced by the B and D trains, providing direct access to Midtown Manhattan. Additionally, the Grand Concourse/East 182nd Street bus stop is located directly outside the Property, servicing the Bx1 and Bx2 lines and providing convenient access throughout the Bronx.
The Property benefits from immediate access to the Fordham Road retail corridor, one of the busiest shopping destinations in New York City, as well as nearby Fordham University, the New York Botanical Garden, and the Bronx Zoo, further enhancing its appeal within the Fordham neighborhood.
Please direct all inquiries to Cushman & Wakefield.
2250 Grand Concourse is ideally positioned on the Grand Concourse between East 182nd Street and East 183rd Street, one of the Bronx’s most prominent and well-established
residential corridors. The Property is steps from the 182nd–183rd Streets subway station, serviced by the B and D trains, providing direct access to Midtown Manhattan. Additionally, the Grand Concourse/East 182nd Street bus stop is located directly outside the Property, servicing the Bx1 and Bx2 lines and providing convenient access throughout the Bronx.
The Property benefits from immediate access to the Fordham Road retail corridor, one of the busiest shopping destinations in New York City, as well as nearby Fordham University, the New York Botanical Garden, and the Bronx Zoo, further enhancing its appeal within the Fordham neighborhood.
Please direct all inquiries to Cushman & Wakefield.
Property Facts
| Price | $3,719,520 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $169,069 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 9.17% | Building Size | 17,270 SF |
| No. Units | 22 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1915 |
| Zoning | R8, Bronx - High density residential district | ||
| Price | $3,719,520 CAD |
| Price Per Unit | $169,069 CAD |
| Sale Type | Investment |
| Cap Rate | 9.17% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 17,270 SF |
| Average Occupancy | 96% |
| No. Stories | 5 |
| Year Built | 1915 |
| Zoning | R8, Bronx - High density residential district |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Vintage Building
- Public Transportation
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03158-0014 | Improvements Assessment | $578,385 CAD |
| Land Assessment | $77,490 CAD | Total Assessment | $655,875 CAD |
Property Taxes
Parcel Number
03158-0014
Land Assessment
$77,490 CAD
Improvements Assessment
$578,385 CAD
Total Assessment
$655,875 CAD
Contacts
-
Josh Neustadter -
Austin Weiner -
Michael Fioravanti -
Kieran Baker -
Jeremy Stern -
Cushman & Wakefield
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2250 Grand Concourse
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