Massey Knakal Realty
Services has been retained on an exclusive basis to arrange for the sale of 145
cooperative units located at 2100-2120 Wallace Avenue, a 150 unit elevatored
multifamily building that undoubtedly represents some of the highest quality
housing stock in the East Bronx. The units for sale comprise 96.5% of the
cooperative shares. The 6 buildings that make up the property feature recently
upgraded amenities and surround a beautifully manicured interior courtyard. With
averages rents exceeding $1,200 and renovated 2 bedroom apartments leasing for
$1500 and over, it is evident that both quality product and high demand for
housing in the neighborhood of Pelham Parkway make this asset a stable
investment whose appreciation will outstrip that of most of its borough peers in
the years to come.
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Neighborhoods: Pelham Parkway