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2073 Ryer Ave Bronx, NY 10457

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For Sale
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Newly constructed elevator building with high rents and tax abatement.

Property size:
16,595 SF

Property Features for 2073 Ryer Ave

General Information

Standard status
Active
Zoning
R8
Size
16,595 SF

Building Details

Year built
2023

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Listing Contact
Christopher Mehran
Source: Crexi

Listing Agency: Marcus & Millichap - Manhattan Listing Agent: Christopher Mehran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

New Elevator Building in Fordham

The property at 2073 Ryer Avenue is a newly constructed elevator building located in Fordham, between East Burnside Avenue and East 180th Street. The building received its final certificate of occupancy in December 2024. The property benefits from an active 421-a tax abatement, resulting in a current annual tax bill of $2,211, with 34 years remaining till expiration. All leases include 421-a riders, confirming that each unit will revert to free market status once the abatement term concludes. The average rent is $3,613 per apartment through Section 8 vouchers. Each unit includes its own washer, dryer, and hot water heater. The property is located near the Grand Concourse & Fordham Road retail corridors, Saint Barnabas Hospital, Bronx Community College, and the 182nd B & D subway. The building size is 16,595 square feet.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Bronx
County
Bronx
State
New York
Longitude
-73.901223
Latitude
40.852813

FAQs

What type of property is this?
Apartment building - Newly constructed elevator building with high rents and tax abatement.
Where is this apartment building located?
The property is located at 2073 Ryer Ave Bronx, NY.
What are key features of this property?
This property features: - Newly constructed elevator building (completed December 2024) in a prime Fordham location.; - Active 421-a tax abatement with 34 years remaining, resulting in a low annual tax bill of $2,211.; - High average rent of $3,613 per apartment through Section 8 vouchers, with 100% collections.
More about this property
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