800 East 160th Street, NY
28-Unit Multifamily/Mixed-Use Opportunity with a J-51 Tax Exemption
Overview
Key Highlights
- Units 28
- Net Income $356,217
- J51 Tax Exemption Expires in 2036
Investment Highlights
• 6-story, 28-unit, mixed-use building located in the Longwood section of the Bronx
• Property consists of six (6) one-bedrooms, fifteen (15) two-bedrooms, and five (5) three-bedroom units
• Two commercial spaces with secured leases, offering stable income streams until 2027 and 2028 respectively
• Existing Loan of $4,860,000 at a 3.51% interest rate, 2-year interest only term remaining. Maturity date in 2030
• Enjoys easy access to transportation, located steps away from the 2 & 5 subway lines at Prospect Avenue Station
• Ideally situated one block west of Westchester Avenue’s bustling retail corridor
Copyright © 2024 800 East 160th Street. All rights reserved. Powered by SharpLaunch