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3505 Wayne Ave 55 Unit Apartment Building $10,913,919 CAD ($198,435 CAD/Unit) 6.50% Cap Rate Bronx, NY 10467
Investment Highlights
- Close to public transportation
Executive Summary
This 55 unit mixed use building is comprised of 51 residential apartments and 4 retail stores, This well kept building is across the street from Montefiore Hospital. Pointing was done on the building, hallways freshly painted, new outside doors and locks, all new outside lights etc. Many apartments have been renovated. Close to transportation, major highways, shopping and entertainment. This property is in an Opportunity Zone.
assumable mortgage with low interest rate
Fully occupied
assumable mortgage with low interest rate
Fully occupied
Property Facts
| Price | $10,913,919 CAD | Building Class | C |
| Price Per Unit | $198,435 CAD | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 54,000 SF |
| Cap Rate | 6.50% | Average Occupancy | 100% |
| No. Units | 55 | No. Stories | 5 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R7-1 | ||
| Price | $10,913,919 CAD |
| Price Per Unit | $198,435 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 54,000 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built/Renovated | 1930/2024 |
| Opportunity Zone |
Yes |
| Zoning | R7-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 55 | - | - |
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 03344-0001 | Improvements Assessment | $1,269,727 CAD |
| Land Assessment | $109,059 CAD | Total Assessment | $1,378,786 CAD |
Property Taxes
Parcel Number
03344-0001
Land Assessment
$109,059 CAD
Improvements Assessment
$1,269,727 CAD
Total Assessment
$1,378,786 CAD
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3505 Wayne Ave
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