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NEW CONSTRUCTION / 421-A 3162 Villa Ave 66 Unit Apartment Building $34,898,001 CAD ($528,758 CAD/Unit) 10% Cap Rate Bronx, NY 10468
INVESTMENT HIGHLIGHTS
- New Construction
- Walk to the Subway Station (#4 Train), Metro North Train Station and Bus service
- Rooftop Recreation space and 2 garage parking spots
EXECUTIVE SUMMARY
NEW CONSTRUCTION in a Fantastic North Bronx location!
Walk to the Subway Station (#4 Train), Metro North Train Station and Bus service!
421-A / Augmented City FHEPs program (Ownership is in the early phases of lease up under the current program)
66 Units including 16 Studio Units / 15 One Bedroom Units / 35 Two Bedroom Units
Projected NOI: ±$2,500,000 (Projected Rent Roll & Projected Expenses upon request) *Assuming 100% of the units are rented under the current “Augmented City FHEPS” Program
Building Square Footage: ±49,000 SF
Lot Square Footage: 7,500 SF (75 x 100)
Elevator to all floors
Balconies 3rd Floor - 8th Floor (Front & Rear Units)
Balconies 9th Floor – 11th Floor (Rear Units Only)
Private Terrace 9th Floor Only
Walk to the Subway Station (#4 Train), Metro North Train Station and Bus service!
421-A / Augmented City FHEPs program (Ownership is in the early phases of lease up under the current program)
66 Units including 16 Studio Units / 15 One Bedroom Units / 35 Two Bedroom Units
Projected NOI: ±$2,500,000 (Projected Rent Roll & Projected Expenses upon request) *Assuming 100% of the units are rented under the current “Augmented City FHEPS” Program
Building Square Footage: ±49,000 SF
Lot Square Footage: 7,500 SF (75 x 100)
Elevator to all floors
Balconies 3rd Floor - 8th Floor (Front & Rear Units)
Balconies 9th Floor – 11th Floor (Rear Units Only)
Private Terrace 9th Floor Only
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Freezer
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Bicycle Storage
- Elevator
- Online Services
- Public Transportation
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | - | 438 |
| 2+1 | 35 | - | 758 |
| Studios | 16 | - | 356 |
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Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 03311-0029 | Improvements Assessment | $3,853,158 CAD |
| Land Assessment | $366,295 CAD | Total Assessment | $4,219,453 CAD |
PROPERTY TAXES
Parcel Number
03311-0029
Land Assessment
$366,295 CAD
Improvements Assessment
$3,853,158 CAD
Total Assessment
$4,219,453 CAD
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NEW CONSTRUCTION / 421-A | 3162 Villa Ave
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