Apartment Portfolio with Elevator
For Sale
Contact for pricing
Pending
3830 Park Ave The, Bronx, NY 10457
Four-building apartment portfolio totaling 75 units, including two elevator and two walk-up buildings.
Property SizeContact for details
Days on Market123
Property Features for 3830 Park Ave The
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Cap Rate
5.98%
Multifamily Units
75
Listing Agency:
Andrew Lichtenstein Inc
(917) 365-1800
Listed By:
Andrew Lichtenstein · License #NY 31LI0467407
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 11 at 6:20PM
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 Andrew Lichtenstein Inc
Investment Insights
Based on property information with market context.
This offering is a four-building apartment portfolio totaling 75 apartments, comprising two elevator buildings and two walk-up buildings.
The seller notes that the address entered is not the actual address and that additional information will be released upon request. Two delivery/transaction structures are presented. Option A is delivery “as is,” with the buyer assuming all collection responsibility and closing within 30 days or as soon as possible. Option B applies to currently nonperforming apartments, with the seller signing and placing rent into escrow for up to 18 months, reflecting approximately DSS & Pheps rents until each tenant is vacated, a case worker is switched, an occupant pays the buyer, or a new lease is signed.
Under Option B, the seller’s attorneys have reconfirmed that eviction case timelines are expected to take a maximum of 18 months. The seller will put rental amounts in escrow and pay legal costs to deliver each apartment vacant or earlier, with operating expenses to be paid by the buyer.
The seller notes that the address entered is not the actual address and that additional information will be released upon request. Two delivery/transaction structures are presented. Option A is delivery “as is,” with the buyer assuming all collection responsibility and closing within 30 days or as soon as possible. Option B applies to currently nonperforming apartments, with the seller signing and placing rent into escrow for up to 18 months, reflecting approximately DSS & Pheps rents until each tenant is vacated, a case worker is switched, an occupant pays the buyer, or a new lease is signed.
Under Option B, the seller’s attorneys have reconfirmed that eviction case timelines are expected to take a maximum of 18 months. The seller will put rental amounts in escrow and pay legal costs to deliver each apartment vacant or earlier, with operating expenses to be paid by the buyer.
Key Highlights
- Four‑building apartment portfolio totaling 75 apartments
- Includes 2 elevator apartment buildings and 2 walk‑up apartment buildings
- Choice of terms: delivered “as is” with buyer assuming collection responsibility; close in 30 days or as soon as possible
Property Analytics
Property Profile
Current Use
Lease Details
75
Residential units
Location Intelligence
Trade Area within ½ mile
4,475
Businesses Nearby
Explore this area
Business Placement
Demographics for 10457, NY
77,488
Population
27,795
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
1.3 sq mi
ZIP Area
59,606
Density / Sq Mi
$44,911
Median Household Income
$30,564
Median Earnings
$1,400
Median Rent
$336,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-building apartment portfolio totaling 75 units, including two elevator and two walk-up buildings.
Where is this apartment building located?
The property is located at 3830 Park Ave The Bronx, NY.
What are key features of this property?
This property features: Four‑building apartment portfolio totaling 75 apartments; Includes 2 elevator apartment buildings and 2 walk‑up apartment buildings; Choice of terms: delivered “as is” with buyer assuming collection responsibility; close in 30 days or as soon as possible
