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The Bronx Pillars Package

3 Residential Properties Offered at £19,330,499 in Bronx, NY

Executive Summary

As the exclusive agent representing Ownership, Schuckman Realty is pleased to present The Bronx Pillars Package for sale. This portfolio comprises a total of 176 residential units. The potential purchaser stands to gain from acquiring fully renovated assets, which were integrated into the NYC Pillars Program in 2020. Ownership has successfully secured and started to implement a 610 Rent Amendment with HPD, positioning the portfolio for a projected 7% revenue growth by year's end. Moreover, all properties within the portfolio enjoy comprehensive tax exemptions through 2050, courtesy of the NYS Article XI program.

Property Facts

Price £19,330,499 Number of Properties 3
Price / SF £127.50 / SF Individually For Sale 0
Net Initial Yield 8.56% Total Building Size 151,615 SF
Sale Type Investment Total Land Area 0.93 AC
Status Active
Price £19,330,499
Price / SF £127.50 / SF
Net Initial Yield 8.56%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 151,615 SF
Total Land Area 0.93 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
2240-2242 Tiebout Ave, Bronx, NY 10457 Residential 45,445 SF 1927 -
1414-1416 Walton Ave, Bronx, NY 10452 Residential 43,170 SF 1922 -
1160 Evergreen Ave, Bronx, NY 10472 Residential 63,000 SF 1938 -
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(516) 496-8888

  • Listing ID: 32463838

  • Date on Market: 15/07/2024

  • Last Updated:

  • Address: The Bronx Pillars Package, Bronx, NY

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The Bronx Pillars Package portfolio of 3 properties for sale on LoopNet.co.uk Building Photo- Image 1 of 2
1160 Evergreen Ave

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The Bronx Pillars Package
(516) 496-8888 x

The Bronx Pillars Package

Sam Schertz

(516) 496-8888

(516) 496-8888

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