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230 E 196th St 13 Unit Apartment Building $2,479,680 CAD ($190,745 CAD/Unit) 9.22% Cap Rate Bronx, NY 10458
Investment Highlights
- 13-unit rent-stabilized multifamily building in the Fordham neighborhood.
- Four-story walk-up containing 13 residential units.
- Near Fordham University, Lehman College, Bronx Park, and the New York Botanical Garden.
- Located just off the Grand Concourse with access to the B, D, and 4 subway lines.
- Proximity to Fordham Road, Kingsbridge Road, and Grand Concourse retail corridors.
- One vacant unit provides immediate leasing or repositioning opportunity.
Executive Summary
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 230 East 196th Street (the “Property”), a four-story rent stabilized multifamily
building located in the Fordham neighborhood of the Bronx. The Property is 13,460 square feet and contains 13 rent stabilized units.
230 East 196th Street is ideally positioned just off the Grand Concourse, providing residents with convenient access to several of the Bronx primary commercial and transportation corridors. The Property is located near the Kingsbridge Road subway station, serviced by the B, D & 4 trains offering direct connectivity throughout the
Bronx and into Manhattan.
The Property benefits from its proximity to the extensive retail, dining, and neighborhood services located along the Grand Concourse, Fordham Road, and Kingsbridge Road. It is also conveniently situated near Fordham University, Lehman College, Bronx Park, and the New York Botanical Garden, helping make the surrounding Fordham and Bedford Park area a well-established and highly accessible residential neighborhood.
Please direct all inquiries to Cushman & Wakefield.
building located in the Fordham neighborhood of the Bronx. The Property is 13,460 square feet and contains 13 rent stabilized units.
230 East 196th Street is ideally positioned just off the Grand Concourse, providing residents with convenient access to several of the Bronx primary commercial and transportation corridors. The Property is located near the Kingsbridge Road subway station, serviced by the B, D & 4 trains offering direct connectivity throughout the
Bronx and into Manhattan.
The Property benefits from its proximity to the extensive retail, dining, and neighborhood services located along the Grand Concourse, Fordham Road, and Kingsbridge Road. It is also conveniently situated near Fordham University, Lehman College, Bronx Park, and the New York Botanical Garden, helping make the surrounding Fordham and Bedford Park area a well-established and highly accessible residential neighborhood.
Please direct all inquiries to Cushman & Wakefield.
Property Facts
| Price | $2,479,680 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $190,745 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 9.22% | Building Size | 15,853 SF |
| No. Units | 13 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1911 |
| Property Subtype | Apartment | ||
| Zoning | R7B - Medium-density apartment house district with lower parking requirements | ||
| Price | $2,479,680 CAD |
| Price Per Unit | $190,745 CAD |
| Sale Type | Investment |
| Cap Rate | 9.22% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 15,853 SF |
| No. Stories | 4 |
| Year Built | 1911 |
| Zoning | R7B - Medium-density apartment house district with lower parking requirements |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03300-0044 | Improvements Assessment | $468,412 CAD |
| Land Assessment | $71,291 CAD | Total Assessment | $539,702 CAD |
Property Taxes
Parcel Number
03300-0044
Land Assessment
$71,291 CAD
Improvements Assessment
$468,412 CAD
Total Assessment
$539,702 CAD
Contacts
-
Josh Neustadter -
Austin Weiner -
Michael Fioravanti -
Kieran Baker -
Jeremy Stern -
Cushman & Wakefield
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230 E 196th St
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