This property was newly built in 2021 and is the perfect investment property. The property comprises 21 residential units, 2 commercial spaces, and 4 parking spaces, totaling approximately 16,015 square feet. The building offers newly constructed affordable housing units through the NYC Housing Connect program.

Amenities include split-unit heating and cooling systems, a laundry room, and bike storage. The property benefits from a 35-year 421-A tax abatement. Additionally, there is a $4.2 million government mortgage at a 5% interest rate, which is assumable by the buyer.

With lower maintenance costs, the property’s good condition, prime location, lower interest rates, and guaranteed rent payments by the city, this is a perfect investment opportunity.

The building is conveniently located near public transportation, including the 2 and 5 subway lines, as well as multiple bus routes. Nearby neighborhoods include Belmont, Tremont, and Crotona Park East. It is near botanical gardens and 2 blocks away from the Bronx zoo.

A rare investment opportunity like this is hard to find!