Type:
Mixed Use
Sq Ft:
76,280
Units:
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BRONX NEW CONSTRUCTION PORTFOLIO
University Heights, Bronx, New York
$31,000,000
Property Description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 2086 Valentine Avenue, 959 Anderson Avenue, & 65 Buchanan Place—three newly constructed 421-A tax-abated buildings located in the Fordham, High Bridge, and University Heights neighborhoods of the Bronx.
This portfolio comprises 101 residential apartments, one commercial space, a DISH Wireless antenna, and 15 parking spaces. The properties benefit from a 421-A tax abatement, resulting in an annual combined tax bill of just $5,627 for the next 35 years. Fully occupied and cash-flowing, these buildings provide a turnkey investment opportunity from day one.
Together, the properties offer a total of 76,280 square feet of newly built space, with each building located within walking distance of the 4 train subway station, ensuring excellent accessibility.
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Neighborhood:
University Heights
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Units:
102
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Total Approx. SF:
76,280
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Zoning:
R7-1
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FAR:
3.44
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Tax Class:
2
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