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700 Bartholdi
Bronx, NY 10467
Multifamily Property For Sale
·
20 Units
Executive Summary
a 20-unit, two-building multifamily investment located in the Allerton / Williamsbridge section of the Bronx. Originally constructed in 2012, the side-by-side properties operate as a single asset with a stabilized voucher-backed tenant base and benefit from a 421-a 25-Year No Cap tax exemption that materially reduces operating expenses through the remainder of the abatement period.
At the asking price of $3,000,000, the offering represents a 7.66% in-place cap rate on $229,804 of NOI, with stabilized voucher rent collections and modern construction reducing both vacancy and capital expenditure risk.
At the asking price of $3,000,000, the offering represents a 7.66% in-place cap rate on $229,804 of NOI, with stabilized voucher rent collections and modern construction reducing both vacancy and capital expenditure risk.
Property Facts
| Price Per Unit | $210,575 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.66% | Lot Size | 0.12 AC |
| No. Units | 20 | Building Size | 13,756 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2012 |
| Zoning | R6 | ||
| Price Per Unit | $210,575 CAD |
| Sale Type | Investment |
| Cap Rate | 7.66% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 13,756 SF |
| No. Stories | 4 |
| Year Built | 2012 |
| Zoning | R6 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,460,456 CAD | |
| Land Assessment | $75,749 CAD | Total Assessment | $1,536,205 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$75,749 CAD
Improvements Assessment
$1,460,456 CAD
Total Assessment
$1,536,205 CAD
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