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2323 Cambreleng Ave
Bronx, NY 10458
2323 Cambreleng Avenue · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Favorable Tax Classification | Class 2B protected
- Established Mass-Transit Options | Property is well served by local bus-routes, connecting residents to major train and subway stations with ease.
- Famous Bronx Corridor | Steps away from the Arthur Avenue Retail Market, and within walking distance from the Bronx Zoo and New York Botanical Garden
- Emerging Residential Market | Positioned in Belmont neighborhood experiencing significant residential development
- In-Place Cash Flow | Stable income occupied with 8 rent stabilized, 2-bedroom 1-bathroom units
Executive Summary
The Property is located in the Belmont neighborhood of the Bronx, a well established residential enclave known for its dense population, strong neighborhood retail, convenient mass transit, and proximity to the Arthur Avenue corridor, Bronx Zoo, Botanical Gardens, and Fordham University. Belmont has long served as one of the Bronx's most vibrant neighborhoods, anchored by historic destination restaurants, unique geographic positioning, diverse population, and economic development in the area. 2323 Cambreleng Avenue is conveniently positioned near several major transportation options including the B and D subway lines along Grand Concourse and the Metro-North Fordham station, providing direct connection to Manhattan and the greater New York City region. Located within one of the Bronx's most recognizable and culturally rich neighborhoods, the Property provides investors with an opportunity to acquire an asset in a growing residential area with strong transit accessibility, and attributes that indicate positive long-term investment.
Property Facts
| Price Per Unit | $172,258 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.01% | Building Size | 7,999 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1907 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R7-1 | ||
| Price Per Unit | $172,258 CAD |
| Sale Type | Investment |
| Cap Rate | 7.01% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 7,999 SF |
| No. Stories | 4 |
| Year Built | 1907 |
| Opportunity Zone |
Yes |
| Zoning | R7-1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Waterfront
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
Property Taxes
| Parcel Number | 03088-0036 | Improvements Assessment | $233,971 CAD |
| Land Assessment | $3,191 CAD | Total Assessment | $237,162 CAD |
Property Taxes
Parcel Number
03088-0036
Land Assessment
$3,191 CAD
Improvements Assessment
$233,971 CAD
Total Assessment
$237,162 CAD
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