Available Spaces
2
Total Square Feet
18,983 SF
Asking Price
4,950,000
Cap Rate
8.35%
Residential Units
28
Block / Lot
2524 / 57,56
Price Per SF (Gross)
$261
For sale
987 - 989 Ogden Avenue
Bronx, NY
10452
Bronx, New York
Located on the west side of Ogden Avenue between West 163rd Street and West 164th Street
- Multi-Family
Key Details
Investment Highlights
- Brand new construction in 2018
- Two contiguous 75' wide buildings on the avenue
- All 28 units are market rate under HPD rent guidelines
- 421a tax abatement in place through 2034
- Efficient unit layouts, keeping operating costs low
Property Overview
The two contiguous buildings located at 987-989 Ogden Avenue spans 150' wide across a 4-story walk up apartment building consisting of 28 units totaling 18,983 GSF. All 28 units were built under "Old 421a" program, renting at market rate but subject to HPD rent guidelines.
Please reach out to exclusive brokers with any questions about the opportunity.
Brokers
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For sale
987 - 989 Ogden Avenue, Bronx, NY 10452
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