Stabilized Multifamily
For Sale
Contact for pricing
674 E 232nd Street, Bronx, NY 10466
Three-building, 30-unit multifamily portfolio built in 2011 with landlord-paid common utilities and tax abatement.
Property SizeContact for details
Days on Market73
Property Features for 674 E 232nd Street
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
R6A
Additional Details
Business Included
Yes
Multifamily Units
30
Building Details
Year Built
2011
Buildings
3
Units
30
Listing Agency:
At home with Yara Realty
(914) 372-1404
Listed By:
Yara Annechiarico · License #11111111111111111111
Source:
Crexi
Added: Jun 4
Changed: Aug 8
Last Checked: Aug 11 at 1:42PM
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 At home with Yara Realty
Investment Insights
Based on property information with market context.
Marilyn’s Place is a three-building, 30-unit multifamily portfolio located at 674, 676, and 678 East 232nd Street. The property is described as fully operational and managed to perform, with the buildings originally built in 2011. The offering consists of apartment units across three separate structures within the same portfolio.
The transaction is presented with financing and expense considerations already addressed. The remarks state the mortgage is assumable and that taxes are abated. Additionally, water and electric for the common areas are described as landlord-paid, contributing to an operating profile positioned for predictable day-to-day management.
For buyers evaluating stabilized multifamily investments, this portfolio is framed as a turnkey acquisition that does not rely on a value-add plan in order to function. With the combination of an assumable loan, tax abatement, and landlord-paid common-area utilities noted as part of the current structure, the property may appeal to investors looking to reduce upfront assumptions and focus on operating execution. The owner has been clear that the property is currently operating with tenant occupancy supported in the normal course of business.
The transaction is presented with financing and expense considerations already addressed. The remarks state the mortgage is assumable and that taxes are abated. Additionally, water and electric for the common areas are described as landlord-paid, contributing to an operating profile positioned for predictable day-to-day management.
For buyers evaluating stabilized multifamily investments, this portfolio is framed as a turnkey acquisition that does not rely on a value-add plan in order to function. With the combination of an assumable loan, tax abatement, and landlord-paid common-area utilities noted as part of the current structure, the property may appeal to investors looking to reduce upfront assumptions and focus on operating execution. The owner has been clear that the property is currently operating with tenant occupancy supported in the normal course of business.
Key Highlights
- Three‑building, 30‑unit multifamily portfolio built in 2011 (674, 676 & 678 E 232nd St).
- Mortgage is assumable.
- Taxes are abated.
Property Analytics
Property Profile
Current Use
Lease Details
30
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,124
Businesses Nearby
Explore this area
Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Three-building, 30-unit multifamily portfolio built in 2011 with landlord-paid common utilities and tax abatement.
Where is this apartment building located?
The property is located at 674 E 232nd Street Bronx, NY.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Three‑building, 30‑unit multifamily portfolio built in 2011 (674, 676 & 678 E 232nd St).; Mortgage is assumable.; Taxes are abated.
