722 Saint Lawrence Ave
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722 Saint Lawrence Ave
17 Unit Apartment Building Offered at £4,608,625 at a 7.60% Net Initial Yield in Bronx, NY 10473
Investment Highlights
- 722 St. Lawrence Avenue is a newly constructed, 17-unit walk-up building located right off on Soundview Avenue between Lafayette & Seward Avenue
- St. Lawrence benefits from the 485X tax abatement program and will have an annual tax bill of ~$5,258
- The Building is composed of 10 studios, 6 one-bedrooms and 1 community facility with 6 parking spaces in the rear of the building
Executive Summary
New York Multifamily is pleased to offer the following opportunity located in the Soundview/Castle Hill submarket of the Bronx. 722 St. Lawrence Avenue is a newly constructed, 17-unit walk-up building located right off on Soundview Avenue between Lafayette & Seward Ave. St Lawrence is composed of 10 studios, 6 one-bedrooms and 1 community facility with 6 parking spaces in the rear of the building. Tenants are responsible for their own utilities, excluding hot water, offering investors the opportunity to acquire a brand-new, turn-key asset with a low expenses. The Building benefits from the 485X tax abatement program and will be delivered 100% vacant at closing.
Property Facts
| Price | £4,608,625 | No. Units | 17 |
| Price Per Unit | £271,096 | Property Type | Residential |
| Sale Type | Investment | Building Size | 10,427 SF |
| Net Initial Yield | 7.60% | Number of Floors | 2 |
| Gross Rent Multiplier | 11.1 | Year Built | 1920 |
| Price | £4,608,625 |
| Price Per Unit | £271,096 |
| Sale Type | Investment |
| Net Initial Yield | 7.60% |
| Gross Rent Multiplier | 11.1 |
| No. Units | 17 |
| Property Type | Residential |
| Building Size | 10,427 SF |
| Number of Floors | 2 |
| Year Built | 1920 |
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Walk Score ®
Very Walkable (86)
zoning
| Zoning Code | R6 |
| R6 |
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722 Saint Lawrence Ave
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