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Massey Knakal has exclusively been retained to arrange for the sale of 23 (out of 40) unsold condo units in 2316, 2320, & 2324 Beaumont Avenue. These 23 units are located within a 40 unit, four (4) story, walkup building constructed in 2007. The package consists of twenty-two (22) two bedroom/two bathrooms and one (1) one bedroom/one bathroom. All units are occupied and rented to Section-8 program tenants. The average monthly rent is $1,426 and the average rent psf is $19.57. Potential Gross Revenue is $393,438; 421-a tax abatements are in place; NOI is estimated at $250,182. Located in the Belmont neighborhood of the North Bronx, the property lies just south of the East 187th Street commercial corridor, and a few blocks east of the famous Arthur Avenue.

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Neighborhoods: Belmont/ Agents: Karl Brumback