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Manhattan and Bronx 4 Building Package 4 Build-to-Rent Properties Offered at £8,288,207 in Multiple Locations

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INVESTMENT HIGHLIGHTS

  • Four Multifamily Buildings in the Bronx and Manhattan.
  • A number of units already renovated with stainless steel appliances and modern finishes.
  • Portfolio is comprised of 66 Apartments and 4 Stores.

EXECUTIVE SUMMARY

Team Lala of RM Friedland is pleased to present this exclusive portfolio offering consisting of four multifamily and mixed-use buildings located across Harlem and the
Bronx. Together, the properties comprise sixty-six residential apartments and four ground-floor retail storefronts spanning approximately 58,000 gross square
feet, representing a diversified and income-producing package in established New York City neighborhoods.
The buildings feature secure steel and glass entry doors, intercom systems, and cameras throughout, with common areas upgraded by LED lighting and durable staircases of
steel and marble. Roofs across the portfolio are silver-coated and in stable condition, while building systems include a mix of dual-fuel boilers, gas and electric meters in
basements, and above-ground oil tanks providing flexibility of service.
Apartments are generally well maintained, with a number of units already renovated with stainless steel appliances and modern finishes, alongside vacant apartments that are rent-ready and positioned for immediate leasing.
The package also includes four retail spaces, providing additional income streams that complement the residential tenancy.
With locations including City College, Belmont, Arthur Avenue, Fordham, and the Grand Concourse, each property benefits from proximity to major transportation, shopping
corridors, dining, parks, and healthcare facilities, ensuring continued demand and strong long-term fundamentals.

PROPERTY FACTS

Price £8,288,207
Price psf £142.99 / sq ft
Sale Condition Portfolio Sale
Yield 9.40%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Property Size 57,962 sq ft
Total Land Area 0.33 ac

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Loumoore
2512 University Ave, Bronx, NY 10468
Build-to-Rent 22,170 sq ft 1914 -
490 E 184th St, Bronx, NY 10458 Build-to-Rent 15,375 sq ft 1913 -
2657 Frederick Douglass Blvd, New York, NY 10030 Build-to-Rent 11,258 sq ft 1910 -
2655 Frederick Douglass Blvd, New York, NY 10030 Build-to-Rent 9,159 sq ft 1925 -
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  • Listing ID: 37905376

  • Date on Market: 01/10/2025

  • Last Updated:

  • Address: Manhattan and Bronx 4 Building Package, New York, NY

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