Lee & Associates NYC has been retained on an exclusive basis to arrange the sale of 512 East 188th Street (the “Property”), a well maintained multifamily asset comprising 3 residential units and 12 total beds.

The property was gut renovated in 2017 and converted to fully electric. The Property has benefited from recent capital improvements and is maintained in excellent condition, offering an incoming investor a turnkey asset with limited near-term capital requirements. Each unit is fully furnished and features modern conveniences including flat screen TVs in every bedroom, dishwashers, and in unit stacked washers and dryers.

Located in close proximity to Fordham University, the Property is positioned to serve the consistent housing needs of the surrounding student population. Its furnished bedroom configuration, proximity to campus, and strong physical condition provide an attractive combination for investors seeking dependable cash flow supported by an education driven tenant base.