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$4,300,000
Est. payment /mo
2,082 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Castle Hill
MLS Listing ID 1043208
Rental Info No
Year Built 2011
Annual Tax Amount $1,508
Lot Size 2,082 Sqft
Acres 0.0478
Property Sub-Type Multi Family
Source onekey2
Property Description
PACKAGE DEAL Exceptional opportunity to acquire a five-property residential portfolio located along Zerega Avenue in the Bronx. This unique offering consists of five two-family homes situated within the same immediate area, providing investors with scale, convenience, and long-term income potential in a well-established residential neighborhood. The portfolio includes 256, 258, 286, 290 and 294 Zerega Avenue. The homes feature a variety of spacious two-bedroom configurations, with several units offering finished basement space and multiple bathrooms. An additional value-add opportunity exists within the existing rent roll, with several units currently leased below ownership's estimated market-rent benchmark and multiple leases scheduled for turnover through 2027, providing potential for future rental growth. Conveniently located near Westchester Avenue, shopping, restaurants, schools, medical facilities and major transportation. The Zerega Avenue 6 train station is within walking distance, while I-95 and the Bruckner Expressway provide convenient vehicular access throughout the Bronx and greater New York City area. A compelling opportunity for investors seeking a concentrated multifamily portfolio with existing cash flow, multiple income-producing units, future rental upside and five properties located within one established Bronx neighborhood.
Location
State NY
County Bronx County
Rooms
Basement Finished
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Driveway, Garage
Utilities Available Electricity Connected, See Remarks, Sewer Connected, Trash Collection Public, Water Connected
Waterfront Description River Front
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Schools
High Schools Bronx 8
School District Bronx 8
Others
Special Listing Condition None
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Listed by Link NY Realty • Valon Nikci
Nearby Locations
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