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New Construction - For Sale! (3162 Villa Ave. Bronx)
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11 STORY MULTI-FAMILY APARTMENT BUILDING WITH 66 UNITS
421-A with a TCO in place!
Fantastic North Bronx Location with easy access to the Highways & Parkways. Walk to the Bus, Subway & Metro North Train Station!
PROPERTY OVERVIEW
New Construction: 421-A / Augmented City FHEPs program (Ownership is in the early phases of lease up under the current program)
66 Units: 16 Studio Units / 15 One Bedroom Units / 35 Two Bedroom Units
Projected NOI: ±$2,500,000 (Projected Rent Roll & Projected Expenses upon request)
*Assuming 100% of the units are rented under the current “Augmented City FHEPS” Program
Building Square Footage: ±49,000 SF
Lot Square Footage: 7,500 SF (75 x 100)
Elevator to all floors
Balconies 3rd Floor - 8th Floor (Front & Rear Units)
Balconies 9th Floor – 11th Floor (Rear Units Only)
Private Terrace 9th Floor Only
HIGHLIGHTS
Walk to the Subway Station (#4 Train), Metro North Train Station and Bus service
Rooftop Recreation Space
2 interior covered parking spots
Dedicated room for Bicycle storage and another room for laundry
Rear outdoor area
Building Plans and Survey upon request
ASKING SALE PRICE: $25,000,000
Frank Rao & Michael Rao
New York Commercial Realty Group LLC
(914) 287-6410