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80-84 Bruckner Blvd
Bronx, NY 10454
Bruckner by the Bridge · Immeuble residentiel Propriété À vendre
·
422 Unités
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Faits saillants de l'investissement
- 3 separate buildings spanning 476,038 gross square feet with 419 residential units and 3 commercial/ parking units.
- Residential and parking condos benefit from 420-c tax exemptions, significantly minimizing the real estate tax load until 2048.
- Located at the cornerstone of the evolving Mott Haven submarket, a neighborhood defined by a historic surge in large-scale residential development.
- Commercial condos utilize the Industrial & Commercial Abatement Program (ICAP) to mitigate costs.
- Constructed in 2009, this elevator-serviced building offers state-of-the-art systems requiring minimal capital expenditures.
- Path for significant revenue growth driven by a recently executed 610 Amendment, allowing ownership to collect the full voucher payment standards.
Résumé de l'annonce
Massive Institutional Scale
3 separate buildings spanning 476,038 gross square feet with 419 residential units and 3 commercial/ parking units
Revenue Diversification
Complementing the residential units are two high-value commercial anchors: a Day Care and a School
Dedicated parking component adds additional steady monthly cash flow
Deep Tax Savings
Residential and parking condos benefit from 420-c tax exemptions, significantly minimizing the real estate tax load until 2048
Commercial condos utilize the Industrial & Commercial Abatement Program (ICAP) to mitigate costs
Comprehensive Assumable Debt Structure
Current financing features an attractive 3.84% swap rate through May 2027 on 7-day SIFMA bonds plus servicing and credit enhancement, at which point the debt transitions to a flexible floating-rate structure with reduced servicing fees. Investors can further optimize yield by using the principal reserve fund—projected to hit the required 20% threshold in 2027—to pay down the bonds, lowering annual interest payments through 2042.
Modern Infrastructure
Constructed in 2009, this elevator-serviced building offers state-of-the-art systems requiring minimal capital expenditures
Mott Haven’s Institutional Transformation
Located at the cornerstone of the rapidly evolving Mott Haven submarket, a neighborhood defined by a historic surge in large-scale residential development, trendy waterfront parks, and an expanding retail landscape
Income Upside
Path for significant revenue growth driven by a recently executed 610 Amendment, allowing ownership to collect the full voucher payment standards
141 current voucher-backed units
Strategic Gateway Location
Occupying a high-visibility corner at Willis Avenue and Bruckner Boulevard, the property serves as a dominant gateway between Manhattan and the Bronx, offering a "minutes-to-Manhattan" commute via the Willis Avenue Bridge and immediate access to major transit thoroughfares
3 separate buildings spanning 476,038 gross square feet with 419 residential units and 3 commercial/ parking units
Revenue Diversification
Complementing the residential units are two high-value commercial anchors: a Day Care and a School
Dedicated parking component adds additional steady monthly cash flow
Deep Tax Savings
Residential and parking condos benefit from 420-c tax exemptions, significantly minimizing the real estate tax load until 2048
Commercial condos utilize the Industrial & Commercial Abatement Program (ICAP) to mitigate costs
Comprehensive Assumable Debt Structure
Current financing features an attractive 3.84% swap rate through May 2027 on 7-day SIFMA bonds plus servicing and credit enhancement, at which point the debt transitions to a flexible floating-rate structure with reduced servicing fees. Investors can further optimize yield by using the principal reserve fund—projected to hit the required 20% threshold in 2027—to pay down the bonds, lowering annual interest payments through 2042.
Modern Infrastructure
Constructed in 2009, this elevator-serviced building offers state-of-the-art systems requiring minimal capital expenditures
Mott Haven’s Institutional Transformation
Located at the cornerstone of the rapidly evolving Mott Haven submarket, a neighborhood defined by a historic surge in large-scale residential development, trendy waterfront parks, and an expanding retail landscape
Income Upside
Path for significant revenue growth driven by a recently executed 610 Amendment, allowing ownership to collect the full voucher payment standards
141 current voucher-backed units
Strategic Gateway Location
Occupying a high-visibility corner at Willis Avenue and Bruckner Boulevard, the property serves as a dominant gateway between Manhattan and the Bronx, offering a "minutes-to-Manhattan" commute via the Willis Avenue Bridge and immediate access to major transit thoroughfares
Faits sur la propriété
| Type de vente | Investissement | Taille du lot | 1,49 AC |
| Nombre d’unités | 422 | Taille du bâtiment | 357 320 pi² |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 10 |
| Sous-type de propriété | Appartement | Année de construction | 2009 |
| Style d’appartement | De hauteur moyenne | Zone de développement économique |
Oui
|
| Classe d’immeuble | B | Numéro de lot | 02295-7501 |
| Zonage | M1-5/R8A/MX-1 | ||
| Type de vente | Investissement |
| Nombre d’unités | 422 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | B |
| Taille du lot | 1,49 AC |
| Taille du bâtiment | 357 320 pi² |
| Nombre d’étages | 10 |
| Année de construction | 2009 |
| Zone de développement économique |
Oui |
| Zonage | M1-5/R8A/MX-1 |
| Numéro de lot | 02295-7501 |
Commodités
Commodités des unités
- Climatisation
- Chauffage
- Cuisine
- Four
- Fourchette
- Accessible aux fauteuils roulants (chambres)
Commodités du site
- Ascenseur
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 419 | - | - |
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