Stabilized Multifamily
674 E 232nd Street Bronx, NY 10466
674 E 232nd Street, Bronx, NY, 10466
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For Sale
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Three-building, 30-unit multifamily portfolio built in 2011 with landlord-paid common utilities and tax abatement.
Days on Market49
Property Features for 674 E 232nd Street
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 2011
Listing agency
At home with Yara Realty
Listed by
Yara Annechiarico · License #11111111111111111111
Source
Crexi
Added: Jun 4 Updated: Jul 10 at 2:00PM Checked: Jul 21 at 9:23AM
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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
Location Intelligence
Current Use by Public Records
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FAQs
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.
