NuRealty Advisors Inc. is proud to present the Exclusive Listing for 1967-1971 Marmion Avenue, a classic pre-war
masonry building located in the thriving East Tremont submarket of the Bronx.
This well-maintained property features 73 residential units, offering a desirable mix of:
46 – 1BRs
24 – 2BRs
3 – 3Brs
Key Investment Highlights:
Assumable mortgage of $7,410,000 at a favorable 3.43% interest rate, based on interest-only payments,
with 3 years remaining. The loan is held with Freddie Mac, offering investors an immediate financing
advantage in today’s lending environment.
Cash-on-Cash Return of 9% to 11% with Loan Assumption
Gas-fired heating system
Walk-up configuration (no elevator) promoting operational efficiency and reduced overhead
High legal rent roll of $1,360,000
Offering price of $10,750,000 which his a near 7% cap rate, presenting a rare opportunity to acquire a stable,
cash-flowing asset in a strong rental market
Walking distance to the Subway & Metro North Train Station, providing easy access to Manhattan and the greater
NYC region.
For more information, please contact Team@NuRealtyAdvisors.com
Asking Price: | $10,750,000 |
Property Address: | 1967-1971 Marmion Bronx NY 10460 |
Numbers of Units: | 73 |
Building Size: | 51,520 |
No of Stories: | 5 |
Year Built: | 1926 |
Lot SF: | 23,302 |