Concourse Village 5-Building Package

Bronx, NY

Sold

$16,900,000

OVERVIEW

LOCATION:
1048 -1064 Sheridan Avenue, Bronx, NY 10456

Neighborhood: Concourse Village

Asset Type: Multifamily

Square Feet: 99,340

# of Buildings: 5

Stories: 5

Residential Units: 98

CONTACT

 

Description


Building Summary

  • Total # of Buildings: 5
                                   
  • Total # of Apartments: 98

  • Total # of Rooms: 398

  • Total Square Feet: 99,340 SF

 

 

Property Highlights     
                                                 
               

  • J-51 Tax Abatement and Exemption in place and expires in 2026.

  • Tax savings is approximately $1,400,000 during the course of Exemption.

  • Properties were gut renovated in 1992.

  • Lead paint free properties.

  • Average rent per room is $269 and market rents per room are $375 resulting in upside potential of 40%.

  • Minimal HPD Violations, less than 1 HPD violation per Unit.

  • Very well maintained properties with large spacious layouts, open kitchens etc.

  • Efficient heating system and amenities such as compactor/ garbage chutes.


 

1048 Sheridan Avenue, Bronx, NY 10456
Between East 165th & 166th Streets

Description: 5-story walkup apartment buildings with 16 apartments (72 rooms).

Built in 1918 and has approx. 17,600± SF.

 

1052 Sheridan Avenue, Bronx, NY 10456
Between East 165th & 166th Streets

Description: 5-story walkup apartment buildings with 16 apartments (72 rooms).

Built in 1918 and has approx. 17,600± SF.

 

1056 Sheridan Avenue, Bronx, NY 10456
Between East 165th & 166th Streets

Description:  5-story walkup apartment buildings with 16 apartments (72 rooms).

Built in 1918 and has approx. 17,600± SF.

 

1060 Sheridan Avenue, Bronx, NY 10456
Between East 165th & 166th Streets

Description: 5-story walkup apartment buildings with 30 apartments (118 rooms).

Built in 1918 and has approx. 30,385± SF.

 

1064 Sheridan Avenue, Bronx, NY 10456
Between East 165th & 166th Streets

Description: 5-story walkup apartment buildings with 20 apartments (69 rooms).

Built in 1918 and has approx. 16,155± SF.

 

 

 

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