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Three Building Bronx Package 3 Multifamily Properties Offered at $3,606,017 CAD in Bronx, NY
Investment Highlights
- Good Rental Income; $1,663/mo Average Monthly Rent Per Unit
- 1550 Minford in AEP
- High Violation Count; Over 400 Violations Across All Buildings
Executive Summary
EXIT Realty Private Client is pleased to present the following opportunity in the Bronx, NY.
This three-property Bronx portfolio consists of 39 residential units across approximately 45,740 square feet of building area. The portfolio includes 1417 Prospect Avenue, a 20-unit, five-story building in Morrisania; 1962 University Avenue, an 11-unit, five-story building in Morris Heights; and 1550 Minford Place, an 8-unit, four-story building in Fairmont. All three properties are pre-war multifamily buildings located in established Bronx neighborhoods.
The portfolio currently has over 400 violations across the three properties, presenting an opportunity for an experienced investor to address deferred maintenance and improve overall building operations. Additionally, 1550 Minford Place is currently enrolled in the Alternative Enforcement Program (AEP).
This three-property Bronx portfolio consists of 39 residential units across approximately 45,740 square feet of building area. The portfolio includes 1417 Prospect Avenue, a 20-unit, five-story building in Morrisania; 1962 University Avenue, an 11-unit, five-story building in Morris Heights; and 1550 Minford Place, an 8-unit, four-story building in Fairmont. All three properties are pre-war multifamily buildings located in established Bronx neighborhoods.
The portfolio currently has over 400 violations across the three properties, presenting an opportunity for an experienced investor to address deferred maintenance and improve overall building operations. Additionally, 1550 Minford Place is currently enrolled in the Alternative Enforcement Program (AEP).
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $3,606,017 CAD | Number of Properties | 3 |
| Price / SF | $83.88 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 9.42% | Total Building Size | 42,988 SF |
| Sale Type | Investment | Total Land Area | 0.41 AC |
| Status | Active |
| Price | $3,606,017 CAD |
| Price / SF | $83.88 CAD / SF |
| Cap Rate | 9.42% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 42,988 SF |
| Total Land Area | 0.41 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Majestic
1417 Prospect Ave, Bronx, NY 10459 |
Multifamily | 18,200 SF | 1905 | - |
| 1962 University Ave, Bronx, NY 10453 | Multifamily | 17,100 SF | 1914 | - |
| 1550 Minford Pl, Bronx, NY 10460 | Multifamily | 7,688 SF | 1931 | - |
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Three Building Bronx Package
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