Massey Knakal Realty Services has been retained on an exclusive basis to sell a six building, 317 unit portfolio. The buildings are locating throughout the Mount Eden, Concourse, and Morrisania neighborhoods in the Bronx. The buildings are located at 1685 Selwyn Avenue, 1254 Sherman Avenue, 1231 Fulton Avenue, 615 East 168th Street, 1340 Merriam Avenue and 818 East 149th Street. The asking price for the portfolio is $25,000,000.
The portfolio consists of four walk-up buildings and two elevator buildings containing 303 residential units and 14 commercial units, over a combined 307,400 square feet. Out of the 303 residential units, there are 24 studio units, 178 one-bedroom units, 79 two-bedroom units and 22 three-bedroom units. The majority of the properties have undergone major capital improvement plans through the term of ownership. This package offers tremendous upside potential on the residential portion and stable revenue streams from the existing commercial tenants.
For more information on this listing, contact Massey Knakal First Vice President of Sales David Simone or Director of Sales Nicholas Burns at 212.696.2500.
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Neighborhoods: Concourse, Morrisania