This property was newly built in 2021 and is the perfect investment property. The property comprises 21 residential units, 2 commercial spaces, and 4 parking spaces, totaling approximately 16,015 square feet. The building offers newly constructed affordable housing units through the NYC Housing Connect program. Amenities include split-unit heating and cooling systems, a laundry room, and bike storage. The property benefits from a 35-year 421-A tax abatement. Additionally, there is a $4.2 million government mortgage at a 5% interest rate, which is assumable by the buyer. With lower maintenance costs, the property`s good condition, prime location, lower interest rates, and guaranteed rent payments by the city, this is a perfect investment opportunity. The building is conveniently located near public transportation, including the 2 and 5 subway lines, as well as multiple bus routes. Nearby neighborhoods include Belmont, Tremont, and Crotona Park East. It is near botanical gardens and 2 blocks away from the Bronx zoo. A rare investment opportunity like this is hard to find!
Details:
Families:
21
Bathrooms:
25
Property Type:
Multi-Family
Acres:
0.14
Built:
2021
Financials:
Price:
$7,950,000
RE/MAX Edge Chaohui Andrew Chen Office: (718)612-3088
provided by Brooklyn NY MLS
![[West Farms Real Estate, listing number 7107842]](https://www.vlshomes.com/images/full/7107842a.jpg)