2055 Anthony Avenue

  • $11,500,000
2055 Anthony Avenue, Bronx, NY, USA
Closed Deal Sold

2055 Anthony Avenue

2055 Anthony Avenue, Bronx, NY, USA
  • $11,500,000

Overview

  • 80
  • Units
  • Multi Family
  • Property Type
  • 74550

Description

SALE
IMAGE: @AaronJungreis
DATE: 10/19/2020
ADDRESS: 2055 Anthony Ave
MARKET: Heights,
ASSET TYPE: Multifamily ~ ZONING: R8 ~ TAX CLASS: 2

SELLER: Morgan Group
BROKER: Aaron Jungreis @RosewoodRealtyGroupNY

PRICE: $11,500,000
BSF: 105,350 ~ PPBSF: $109
SF: 74,550 ~ PPSF: $154
UNITS: 80 ~ PPU: $143,750

LAST SALE PRICE: $7,150,000 (11/2012)

NOTE: Rosewood Realty Group announced the $11.5 million sale of 2055 Anthony Avenue, a six-story, 80-unit apartment building in the Fordham Heights section of the Bronx. The 74,580-square-foot elevator building at sold for 10 times the current rent roll, at a capitalization rate of 6%. The rent-stabilized building was built in 1920 and features 30,800 square feet of air rights and a superintendent’s apartment in the basement.

Rosewood’s Aaron Jungreis represented both seller Morgan Group and the buyer.

“This sale marks our 10th sale in the Bronx so far this year,” said Jungreis, who added he is seeing a renewed interest in the Bronx. “This building was well maintained for the past 10 to 20 years so the buyer has very little capital improvements to do. Also, the rents are relatively low to start with, so collections have been pretty strong, making it a good investment for the buyer.”

  • Address 2055 Anthony Avenue, Bronx, NY, USA
  • City New York
  • State/county New York
  • Zip/Postal Code 10457
  • Area Fordham Heights
  • Country United States

Details

Updated on April 11, 2021 at 7:00 am
  • Price: $11,500,000
  • Property Size: 74550
  • Property Type: Multi Family
  • Property Status: Closed Deal, Sold
  • Units: 80

Additional details

  • BSF: 105,350
  • Note: Rosewood Realty Group announced the $11.5 million sale of 2055 Anthony Avenue, a six-story, 80-unit apartment building in the Fordham Heights section of the Bronx. The 74,580-square-foot elevator building at sold for 10 times the current rent roll, at a capitalization rate of 6%. The rent-stabilized building was built in 1920 and features 30,800 square feet of air rights and a superintendent’s apartment in the basement. Rosewood’s Aaron Jungreis represented both seller Morgan Group and the buyer. “This sale marks our 10th sale in the Bronx so far this year,” said Jungreis, who added he is seeing a renewed interest in the Bronx. “This building was well maintained for the past 10 to 20 years so the buyer has very little capital improvements to do. Also, the rents are relatively low to start with, so collections have been pretty strong, making it a good investment for the buyer.”

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