Multifamily Building
For Sale
Contact for pricing
1098 Gerard Ave The, Bronx, NY 10452
Portfolio includes 16 multifamily buildings totaling 503 residential units with a studio through four-bedroom mix.
Property Size497,824 SF
Days on Market121
Property Features for 1098 Gerard Ave The
General Information
Standard status
Active
Size
497,824 SF
Property subtype
Office
Additional Details
Multifamily Units
503
Listing Agency:
Cushman & Wakefield New York
Listed By:
Josh Neustadter · License #NY 10401302418
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 11:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield New York
Investment Insights
Based on property information with market context.
Cushman and Wakefield is pleased to announce its retention on an exclusive basis to arrange the sale of the Quality Communities Portfolio, a collection of 16 institutionally owned and managed multifamily buildings in the Bronx. The portfolio comprises seven separate assets made up of 16 different buildings and totals 503 residential units.
The unit mix includes four studios, 202 one-bedroom apartments, 202 two-bedroom apartments, 91 three-bedroom apartments, and four four-bedroom apartments. The portfolio spans the Concourse, Fordham Manor, and Belmont neighborhoods and is described as having minimal deferred maintenance, with proximity among assets.
The communities are presented as an opportunity to acquire a critical mass of multifamily housing within New York City’s Bronx, with proximity to institutions and attractions including Yankee Stadium, Bronx Park, and Fordham University, as well as nearby restaurants and shops.
The unit mix includes four studios, 202 one-bedroom apartments, 202 two-bedroom apartments, 91 three-bedroom apartments, and four four-bedroom apartments. The portfolio spans the Concourse, Fordham Manor, and Belmont neighborhoods and is described as having minimal deferred maintenance, with proximity among assets.
The communities are presented as an opportunity to acquire a critical mass of multifamily housing within New York City’s Bronx, with proximity to institutions and attractions including Yankee Stadium, Bronx Park, and Fordham University, as well as nearby restaurants and shops.
Key Highlights
- Portfolio of 16 institutionally owned and managed multifamily buildings in the Bronx
- Totals 503 residential units across 7 separate assets
- Total building area of 497,824 SF
Property Analytics
Current Use
Lease Details
503
Residential units
Location Intelligence
Trade Area within ½ mile
4,919
Businesses Nearby
Explore this area
Business Placement
Demographics for 10452, NY
77,564
Population
28,854
Households
2.7
Avg Household Size
35
Median Age
14%
College-Educated
71%
High-School Grad
1.0 sq mi
ZIP Area
77,564
Density / Sq Mi
$37,854
Median Household Income
$32,732
Median Earnings
$1,367
Median Rent
$263,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio includes 16 multifamily buildings totaling 503 residential units with a studio through four-bedroom mix.
Where is this apartment building located?
The property is located at 1098 Gerard Ave The Bronx, NY.
What are key features of this property?
This property features: Portfolio of 16 institutionally owned and managed multifamily buildings in the Bronx; Totals 503 residential units across 7 separate assets; Total building area of 497,824 SF
