823, 827, 831 Home Street, 1315 Prospect Avenue, 820 East 168th Street
Morrisania
5 BUILDING BRONX PACKAGE
| Asking Pricing | $7,450,000 |
|---|---|
| Type | Multifamily |
| Neighborhood | Morrisania |
| Properties | 5 Buildings |
| Size | 78,770 SF |
| Units | 84 Apartments |
Investment Highlights:
Meridian Investment Sales is pleased to exclusively present the offering for a five building Bronx package. The Portfolio consists of five buildings with 78,770 SF combined and 84 apartments which were renovated in the early 1990’s through a LIHTC program. The Properties have been operating under a Regulatory Agreement whereby 42 of the 84 units are subject to 60% AMI rental limitation. The Agreement expires in 2026 and taxes phase during the last five years.
The Portfolio is located in Morrisania, near Crotona Park, Claremont Park, Bronx International High School, Basil Behagen Playground, and BronxCare Health System. Within walking distance to Freeman Street [2, 5] Whitlock Avenue [6] & 167th Street [B, D] train stations.
