Home Details for 700-710 Bartholdi Street

A 20-unit, two-building multifamily investment located in the Allerton / Williamsbridge section of the Bronx. Originally constructed in 2012, the side-by-side properties operate as a single asset with a stabilized voucher-backed tenant base and benefit from a 421-a 25-Year No Cap tax exemption that materially reduces operating expenses through the remainder of the abatement period. At the asking price of $3,000,000, the offering represents a 7.66% in-place cap rate on $229,804 of NOI, with stabilized voucher rent collections and modern construction reducing both vacancy and capital expenditure risk. 3.75% assumable debt in place.

• Cooling Information

  • Wall/Window Unit(s)

• Heating Information

  • Baseboard

• Water Features

  • Public

• Utilities

  • Cable Available

• Parking

  • Driveway