37-Unit Walk-Up Apartment
85 E Mosholu Pkwy N Bronx, NY 10467
85 E Mosholu Pkwy N, Bronx, NY, 10467
$3,495,000
For Sale
$3,495,000
37-unit walk-up multifamily property with 11 apartments not subject to rent stabilization laws.
Property Size31,875 SF
Price / SF$109.65
Days on Market71
Property Features for 85 E Mosholu Pkwy N
General Information
- Standard status
- Active
- Size
- 31,875 SF
- Property subtype
- Multifamily
Listing agency
New York City Office
(212) 430-5136
Listed by
Seth Glasser · License #License(s): NY: 10301209629
(212) 430-5136
Source
Marcusmillichap
Added: May 14 Updated: Jul 22 at 1:00AM Checked: Jul 22 at 2:08AM
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Investment Insights
Based on property information with market context.
85 E Mosholu Parkway North is a 37-unit walk-up apartment building totaling 31,875 square feet. The building includes 11 apartments unencumbered by rent stabilization laws.
The property is located in Norwood in the Bronx between Van Cortlandt Avenue and Jerome Avenue. It is offered in proximity to Van Courtlandt Park Golf Course, The Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train.
Per the offering materials, the average rent is $1,395 per free market unit. The opportunity is presented as allowing an investor to pursue a value-add approach, including rent increases aligned with Section 8 subsidy standards. The building is listed as owned and operated by the same group for nearly 25 years.
The property is located in Norwood in the Bronx between Van Cortlandt Avenue and Jerome Avenue. It is offered in proximity to Van Courtlandt Park Golf Course, The Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train.
Per the offering materials, the average rent is $1,395 per free market unit. The opportunity is presented as allowing an investor to pursue a value-add approach, including rent increases aligned with Section 8 subsidy standards. The building is listed as owned and operated by the same group for nearly 25 years.
Key Highlights
- 37‑unit walk‑up multifamily building at 85 E Mosholu Pkwy N in Norwood
- 31,875 SF property with 11 apartments not subject to rent stabilization laws
- Average rent of $1,395 per free market unit
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FAQs
What type of property is this?
Apartment building - 37-unit walk-up multifamily property with 11 apartments not subject to rent stabilization laws.
Where is this apartment building located?
The property is located at 85 E Mosholu Pkwy N Bronx, NY.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 37‑unit walk‑up multifamily building at 85 E Mosholu Pkwy N in Norwood; 31,875 SF property with 11 apartments not subject to rent stabilization laws; Average rent of $1,395 per free market unit
