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$ 2,600,000
Est. payment | /mo
10 Baths
6,842 SqFt
$ 2,600,000
Est. payment | /mo
10 Baths
6,842 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,842 sqft
Price per Sqft $380
MLS Listing ID 11547527
Full Baths 10
Year Built 2017
Annual Tax Amount $129
Property Description
Introducing 1072 University Avenue - a rare, young-construction 10-family building boasting nearly 7,000 square feet of well-designed, income-producing space in the rapidly developing Highbridge section of the Bronx. Built with quality craftsmanship and long-term durability, this modern asset offers investors a hassle-free opportunity with strong upside potential. The building features a diverse unit mix ideal for the area's rental demand: 4 spacious studios, 5 one-bedrooms, and 1 two-bedroom duplex unit, all thoughtfully laid out with contemporary finishes and excellent natural light. The property can be delivered with up to 7 vacant units, allowing an incoming investor to raise rents, improve cash flow, or reposition the asset according to their investment strategy. Located just minutes from Yankee Stadium, the 4, B, and D subway lines, as well as major highways, this property offers tenants unparalleled access to Manhattan, local retail, parks, and schools - making it a highly desirable location for renters and a smart acquisition for investors. Key Highlights: 1) Young construction - low-maintenance asset with modern systems 2)Nearly 7,000K SQFT across 10 residential units 3) Desirable unit mix: 4 studios, 5 one-bedrooms, 1 two-bedroom 4) Potential to be delivered with 7 vacancies - rare value-add opportunity 5) Prime Highbridge location near transit, retail, and entertainment 6) Strong fundamentals with future rent growth potential Whether you're seeking to add a high-quality Bronx asset to your portfolio or looking for a value-driven investment in a thriving rental market, 1072 University Ave is a rare opportunity worth pursuing.
Location
State NY
County 36005
Rooms
Dining Room 0
Kitchen 0
Building
Story 4
Sewer Municipal
Water Municipal
Structure Type Masonry - Brick