Overview
Lee & Associates NYC is pleased to present exclusively for sale the properties located at 2415-2417 Lorillard Place (the “Properties”). Consisting of two adjacent walk-up multifamily buildings on Lorillard Place, the Properties feature 8 total units with a total of 28 beds.
The Properties were gut renovated in 2017 and converted to fully electric. The Properties are in pristine condition with recent capital improvements to building systems and finishes. Additionally, all units come fully furnished with flat screen TVs in every bedroom, dishwashers, and stacked washers & dryers in every unit.
The Properties cater to students of Fordham University, located less than half a mile away, and offer fully furnished units. The Properties represent the opportunity
for a core investor to benefit from a cash-flowing asset with a stable and growing education-focused tenant base.
Investment Highlights
- Located in the heart of the Bronx, the neighborhood surrounding Fordham University’s Rose Hill campus is a vibrant, culturally rich enclave anchored by leading educational, cultural and healthcare institutions.
- The Property occupies a particularly attractive pocket of Belmont where free-market rental housing is permitted within walking distance of Fordham’s Rose Hill campus.
- This combination of constrained supply, limited development risk and sustained demand from Fordham students and nearby employment anchors enhances the Property’s competitive position and long-term desirability.
Property Summary
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