Franklin Avenue Portfolio, NY

Three Multifamily & Mixed-Use Buildings Containing 154 Units

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Overview

Key Highlights

  • Price $21,200,000
  • $/SF $131
  • Units 154
  • $/Unit $137,662
  • Gross SF 161,591

Investment Highlights

• Package of two (2) multifamily elevator and one (1) walk-up building located in the Morrisania section of the Bronx

• Consists of 147 residential units, 7 commercial units and spans a total of 161,591 gross square feet

• Unit Breakdown is comprised of seventy-six (76) 1-bedroom apartments, fifty (50) 2-bedrooms apartments, twenty-one (21) 3-bedrooms apartments, and seven (7) commercial units
• Transportation is in abundance surrounding all three (3) buildings as the properties are in close proximity to the 2/5 subway lines on Freeman Street and the Metro-North train station

• The properties benefit from its prime location surrounded by major retail thoroughfares such as Jerome/Webster Avenue and East 170th Street

Location

Our Team

Jason Gold

Jason Gold

Ariel Property Advisors
212.544.9500 Ext. 22
Victor Sozio

Victor Sozio

Founding Partner
Ariel Property Advisors
212.544.9500 Ext. 12
Shimon Shkury

Shimon Shkury

President and Founder
Ariel Property Advisors
212.544.9500 Ext. 11
Daniel Mahfar

Daniel Mahfar

Ariel Property Advisors
212.544.9500 Ext. 99
Jake Brody

Jake Brody

Ariel Property Advisors
212.544.9500 Ext. 62

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