The portfolio consists of one elevator and two walkup buildings with 202,240 SF combined with 219 apartments. Located in Kingsbridge Heights, the buildings are just South of Van Cortlandt park and west of Montefiore Medical Center, Jerome Park, and Lehman College. The properties are within walking distance to 231 Street [1], Kingsbridge Road [4] & Bedford Park Blvd [B, D] subway stations. There are preferential rents of approximately $174,000 offering a new investor upside upon unit turnover.

3138 Bailey Avenue

Built in 1924, this 5-story walkup building has 35,230 SF and contains 47 apartments. Located in Kingsbridge Heights, the building is near Van Cortlandt Park, Jerome Park Reservoir, James J. Peters Medical Center. The property is within walking distance to 231 Street [1], Kingsbridge Road [4] & Bedford Park Blvd [B, D] train stations.

3150 Bailey Avenue

Built in 1927, this 5-story walkup building with two separate entrances has 60,820 SF and contains 75 apartments. Located in Kingsbridge the building is near Van Cortlandt Park, Jerome Park Reservoir, James J. Peters Medical Center. The property is within walking distance to 231 Street [1], Kingsbridge Road [4] & Bedford Park Blvd [B, D] train stations.

3300 Bailey Avenue

Built in 1929, this 6-elevator building has 106,190 SF and contains 102 apartments. Located in Kingsbridge Heights, the building is near Van Cortlandt Park, Jerome Park Reservoir, James J. Peters Medical Center. The property is within walking distance to 231 Street [1], Kingsbridge Road [4] & Bedford Park Blvd [B, D] train stations.

Price: $19,260,000 | $87,945/Unit | 8.1% Cap Rate