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2104 Cross Bronx Expy

38 Unit Block of Flats £3,136,275 (£82,534/Unit) 8.60% Net Initial Yield Bronx, NY 10472

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Investment Highlights

The Building: Spanning 31,815 square feet across 38 apartments with 112’ of frontage on Cross Bronx Expressway, the building is composed of 1 studio,
The Metrics & Preferential Rents: Asking $101,923/unit l 5.7x GRM l 8.6% Cap Rate l $114PSF. The building has ~47,000 of preferential upside.

Professionally Managed: 2104 Cross Bronx Expressway has been meticulously maintained & professionally managed for over 20 years.
Abatements & Exemptions: 2014 Cross Bronx benefits from both a J-51 tax abatement and exemption. The J51 tax abatement benefits are in place until 202

Executive Summary

New York Multifamily is pleased to offer the following opportunity located in the Unionport neighborhood of the Bronx. 2104
Cross Bronx Expressway is a prime, 38-unit elevator building, spanning 31,815 square feet with 112’ of frontage on Cross Bronx
to Powell Avenues. 2014 Cross Bronx is located between Powell & Haviland directly overlooking the Cross Bronx Expressway.

Property Facts

Price	£3,136,275	Apartment Style	Mid Rise
Price Per Unit	£82,534	Building Class	C
Sale Type	Investment	Lot Size	0.27 AC
Net Initial Yield	8.60%	Building Size	34,815 SF
Gross Rent Multiplier	5.7	Average Occupancy	100%
No. Units	38	Number of Floors	6
Property Type	Residential	Year Built	1928
Property Subtype	Apartment

Price	£3,136,275
Price Per Unit	£82,534
Sale Type	Investment
Net Initial Yield	8.60%
Gross Rent Multiplier	5.7
No. Units	38
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.27 AC
Building Size	34,815 SF
Average Occupancy	100%
Number of Floors	6
Year Built	1928