963 Woodycrest Ave The Bronx, NY 10452

This exceptional investment opportunity presents a portfolio of two six-story mixed-use buildings situated on a combined 26,414 square foot lot in the desirable High Bridge section of the Bronx. The property encompasses a total of 120 residential units, with 26 units having undergone complete gut renovations. Seven commercial units are also included. The buildings, constructed between 1924 and 1926, boast a combined square footage of 128,907 and feature elevator service. The property is zoned R7-1 and benefits from its proximity to Yankee Stadium, abundant shopping, dining, and entertainment options. Convenient access to public transportation is provided by the nearby 167th Street Station (4 train). An attractive feature is the assumable loan of $16,500,000 at a 3.77% interest rate, structured as a 10-year mortgage with a 5-year interest-only period. The asking price for this substantial multifamily property is $22,000,000, representing a price per unit of $183,333.33 and a price per square foot of $175. This presents a compelling opportunity for investors seeking a strong return in a rapidly developing area.