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Fully Leased Mixed Use Building, 421A 65 Buchanan Pl 25 Unit Apartment Building For Sale Bronx, NY 10453
Investment Highlights
- Newly constructed mixed use building, 25 residential units, 1 commercial unit
- Fully occupied and cash flowing
- Long-term 421a tax exemption allows a substantial reduction in operating expenses
- Prime University Heights location
Executive Summary
65 Buchanan Place is a newly constructed seven-story, mixed-use elevator building located in the heart of the University Heights neighborhood.
Built in 2019, the Property consists of 25 residential units and one ground-floor commercial space, featuring modern layouts, quality finishes, and efficient building systems. The asset is fully leased, providing immediate, stable income supported by a 35-year 421a tax exemption, ensuring minimal real estate taxes and strong long-term yield stability.
This offering presents investors with the opportunity to acquire a turnkey, cash-flowing mixed-use property in a thriving Bronx neighborhood, combining tax-advantaged stability with long-term value appreciation potential.
For more information, please contact the exclusive brokers directly.
Built in 2019, the Property consists of 25 residential units and one ground-floor commercial space, featuring modern layouts, quality finishes, and efficient building systems. The asset is fully leased, providing immediate, stable income supported by a 35-year 421a tax exemption, ensuring minimal real estate taxes and strong long-term yield stability.
This offering presents investors with the opportunity to acquire a turnkey, cash-flowing mixed-use property in a thriving Bronx neighborhood, combining tax-advantaged stability with long-term value appreciation potential.
For more information, please contact the exclusive brokers directly.
Property Facts
| Sale Type | Investment | Lot Size | 0.11 AC |
| No. Units | 25 | Building Size | 19,248 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built | 2019 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | R7-1 | ||
| Sale Type | Investment |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 19,248 SF |
| Average Occupancy | 100% |
| No. Stories | 7 |
| Year Built | 2019 |
| Opportunity Zone |
Yes |
| Zoning | R7-1 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wi-Fi
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 20 | - | - |
| 2+1 | 3 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (100)
Property Taxes
| Parcel Number | 03208-0053 | Improvements Assessment | $2,070,135 CAD |
| Land Assessment | $180,338 CAD | Total Assessment | $2,250,473 CAD |
Property Taxes
Parcel Number
03208-0053
Land Assessment
$180,338 CAD
Improvements Assessment
$2,070,135 CAD
Total Assessment
$2,250,473 CAD
Contacts
-
Stephen Preuss -
Andreas Efthymiou -
Mitchel Flaherty -
Jack Rovner -
Jonathan Auerbach -
Ripco Real Estate
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Videos
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Photos
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Street
Map
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Fully Leased Mixed Use Building, 421A | 65 Buchanan Pl
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