855 East 217th Street, a 6-story elevator multifamily property, in the Williamsbridge section of the Bronx. Constructed in 2006, the property consists of 30 residential large units comprising of 6 one-bedrooms, 19 two-bedrooms, and 5 three-bedrooms. Many of the units contain their own private terrace or are duplex units. The asset benefits from a 15-year 421a tax abatement, which began in 2010. The 31,91 4 square foot building has a private 15 space parking lot at the back of the building. The building’s first floor contains a recreation center for tenant use.

This property provides immediate access to a variety of transportation and shopping options along the White Plains Road retail corridor. This includes
express trains to the South Bronx and Manhattan via the 2/5 trains, as well as an abundance of national tenants a short walk away. These tenants include Dominos, Walgreens, Dollar Tree, Rite Aid and Cherry Valley Marketplace.

NOI – $377,711

5% Cap Rate