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318 E 160th St
Bronx, NY 10451
Multifamily Property For Sale
·
8 Units
EXECUTIVE SUMMARY
RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 318 E 160TH STREET — in the Bronx.
318 E 160th St is a 4-story walk-up apartment building situated in the vibrant Melrose neighborhood of the Bronx. The property encompasses 8 residential units, totaling approximately 6,060 square feet of gross floor area. Built in 1931, this well-maintained building offers significant potential for both stable rental income and future appreciation. With its strategic location and favorable zoning, 318 E 160th St is an attractive opportunity for investors looking to capitalize on the growth of the Bronx real estate market. The property is zoned R7-2, allowing for residential development with a Floor Area Ratio (FAR) of 3.44, which provides for 8,514 buildable square feet. This zoning also permits Community Facility development with an FAR of 6.5, equating to 16,088 buildable square feet. Located on the south side of East 160th Street between Park Avenue and Courtlandt Avenue, the property benefits from proximity to public transportation, shopping, dining, and other amenities.
318 E 160th St is a 4-story walk-up apartment building situated in the vibrant Melrose neighborhood of the Bronx. The property encompasses 8 residential units, totaling approximately 6,060 square feet of gross floor area. Built in 1931, this well-maintained building offers significant potential for both stable rental income and future appreciation. With its strategic location and favorable zoning, 318 E 160th St is an attractive opportunity for investors looking to capitalize on the growth of the Bronx real estate market. The property is zoned R7-2, allowing for residential development with a Floor Area Ratio (FAR) of 3.44, which provides for 8,514 buildable square feet. This zoning also permits Community Facility development with an FAR of 6.5, equating to 16,088 buildable square feet. Located on the south side of East 160th Street between Park Avenue and Courtlandt Avenue, the property benefits from proximity to public transportation, shopping, dining, and other amenities.
PROPERTY FACTS
| Price Per Unit | $206,517 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7% | Lot Size | 0.06 AC |
| No. Units | 8 | Building Size | 6,060 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R7-2 | ||
| Price Per Unit | $206,517 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 6,060 SF |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R7-2 |
PROPERTY TAXES
| Parcel Number | 02419-0012 | Improvements Assessment | $204,308 CAD |
| Land Assessment | $2,810 CAD | Total Assessment | $207,118 CAD |
PROPERTY TAXES
Parcel Number
02419-0012
Land Assessment
$2,810 CAD
Improvements Assessment
$204,308 CAD
Total Assessment
$207,118 CAD
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