Log In/Sign Up
Your email has been sent.
Three Pre-War Building Package 3 Multifamily Properties Offered at $3,590,261 CAD in Bronx, NY
Investment Highlights
- Good Rental Income; $1,506/mo Average Monthly Rent Per Unit
- 1550 Minford in AEP
- Over 400 Violations Across All Properties
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 | $3,590,261 CAD | Number of Properties | 3 |
| Price / SF | $78.49 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 9.42% | Total Building Size | 45,740 SF |
| Sale Type | Investment | Total Land Area | 0.41 AC |
| Status | Active |
| Price | $3,590,261 CAD |
| Price / SF | $78.49 CAD / SF |
| Cap Rate | 9.42% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 45,740 SF |
| Total Land Area | 0.41 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 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 | 10,440 SF | 1931 | - |
1 1
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Three Pre-War Building Package
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.