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2070 Arthur Ave, Belmont, Bronx, NY 2074 Arthur Ave, Belmont, Bronx, NY
2070 & 2074 Arthur Avenue
Asset ClassMultifamily
Cap Rate9%
# Buildings: 2# Units: 54Square Feet: 45,246Access Data Room
Two (2) 5-Story Walkups Steps From Bronx Little Italy
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Overview

Built in 1915, 2070 & 2074 Arthur Avenue are two 5-story walkup apartment buildings that have 45,246 SF and includes 54 apartments. Located between East 179th Street and East 180th Street, Belmont is a lively neighborhood known for its diverse community and bustling commercial corridors. The neighborhood is known as the Bronx “Little Italy” with a rich Italian-American culture present in restaurants, shops, and bakeries. Belmont is well-connected to other parts of the city by several bus and subway lines.

 

Asking Price: $5,450,000 | 9% Cap Rate

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Investment Highlights

  • $269,782 of Preferential Rent upside
  • Many of the individual apartments have been renovated, and all vacant units will be delivered brand new and ready for tenancy.
  • 100+ Feet of frontage on Arthur Avenue just steps from Bronx Little Italy
  • Well-connected to the rest of NYC by several bus and subway lines
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2070 Arthur AveBelmont, Bronx, NY 10457
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Listing provided by Revere CRE