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2901 Matthews
Bronx, NY 10467
Multifamily Property For Sale
·
14 Units
Investment Highlights
- Features 14 rent-stabilized apartments and six outdoor parking spaces.
- Meticulously maintained with no deferred maintenance required.
- Located in the sought-after Allerton submarket of the Bronx, offering strong rental demand.
Executive Summary
NuRealty Advisors Inc. presents the exclusive offering of2901 Matthews Avenue, located in the desirable Allerton submarket of the Bronx. This meticulously maintained, rent-stabilized property has been under the same ownership for nearly three decades, ensuring stability and care. The building comprises14 residential units, including one studio and thirteen one-bedroom apartments, along with six outdoor parking spaces.The property is in pristine condition with no deferred maintenance, making it an attractive turnkey investment. With an annual legal regulated rent of $281,000 exceeding preferential rent by $54,000, the asset provides immediate upside for investors. Positioned in a high-demand neighborhood, the property benefits from proximity to major retail corridors, public transportation, and essential amenities. Offered at $2,689,000, this fee-simple ownership opportunity combines long-term income stability with strong growth potential in one of New York City’s most dynamic boroughs.
Property Facts Under Contract
| Price Per Unit | $263,217 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.56% | Building Size | 10,310 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Low-Rise | Parking Ratio | 0.58/1,000 SF |
| Zoning | R6 - Residential | ||
| Price Per Unit | $263,217 CAD |
| Sale Type | Investment |
| Cap Rate | 6.56% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 10,310 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 0.58/1,000 SF |
| Zoning | R6 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 13 | - | - |
Property Taxes
| Parcel Number | 04550-0001 | Improvements Assessment | $156,684 CAD |
| Land Assessment | $123,568 CAD | Total Assessment | $280,253 CAD |
Property Taxes
Parcel Number
04550-0001
Land Assessment
$123,568 CAD
Improvements Assessment
$156,684 CAD
Total Assessment
$280,253 CAD
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