2480 BELMONT AVENUE

For Sale - Bronx - Belmont

$6,195,000

Net Operating Income: $326,926

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Key Details

Property Type
Mixed Use
Neighborhood
Belmont
Property Dimensions
50.0 x 81.0
Property Area
20,250 sq.ft.
Total Units:
26
Stories:
5
NOI
$326,926
Price
$6,195,000

Listing Description

Rent to students with a Little Italy mixed use building steps from Fordham University and surrounded by privately owned student housing complexes. This 'undiscovered' submarket features tremendous value‑add opportunity fueled by the ever expanding Fordham University, the historic 'Little Italy' shopping and dining district and Saint Barnabus Hospital. The current ownership has been undergoing a process of updating apartments and converting an increasing percentage of the tenancy to college students. The subject property sits in an Opportunity Zone and consists of... (DOWNLOAD PDF)

Property Details

Block/Lot:
3091/1
Lot Dimensions
50.0 x 90.0
Lot Area
4,500 sq.ft
Zoning:
R6
FAR as Built:
4.5
Max FAR:
4.8
Team LalaRM Friedland
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Sales & Transactions

AddressSale PriceSale DateProperty Type
485 EAST 188TH STREET$6,100,00001/17/2018Mixed Use
663 CRESCENT AVENUE$5,085,00012/15/2016Mixed Use
2482 HOFFMAN$800,00009/28/2016Mixed Use
2480 BELMONT AVENUE$4,825,00009/13/2016Mixed Use
689 EAST 187 STREET$1,605,00005/16/2016Mixed Use
2477 ARTHUR AVENUE$800,00004/19/2016Mixed Use
633 EAST 186TH STREET$3,907,50001/19/2016Mixed Use
625 CRESCENT AVENUE$450,00001/07/2016Mixed Use
2373 ARTHUR AVENUE-11/19/2015Mixed Use
566 EAST 187TH STREET$3,127,50010/29/2015Mixed Use