Fordham Multifamily
2650 Marion Ave, Bronx, NY 10458
- 6 total walk-up buildings, spanning 96,500 gross square feet, with 100 residential units and 311 bedrooms.
- Densely positioned within 1 block of one another, simplifying management and maintenance.
- 435′ of street frontage with each building having airshafts and carveouts, allowing windows on all four sides.
- $2,650,000 gross income, averaging $2,200 per unit, with a T12 NOI of $1,900,000.
- All 6 buildings are perfectly maintained with less than 12 violations per building on average.
- 3 Buildings benefit from a J51 abatement through 2037-2040, as a result of recent capital improvements.
- Agency debt is assumable at an average of 4.6% Fixed, with I/O burning off in 2026. Debt model available.
- Our asking price of $28,000,000 suggests a 14% Cash on Cash, or 9% after principal, come 2026.
- The buildings have separate loans and can be sold individually or as a package.
- Large unit layouts and proximity to Fordham make this a potential student housing opportunity.
Building Details
- For Sale $28,000,000
- Property Type Multi-Family
- Property Size 96,492 SF
- Units 100
- Lot Size 0.19 Acre
- Additional Rent Price on request
- Year Built 1911
- Date Updated Jan 23, 2025
Reach out to the broker for more info on lease terms and amenities
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Contacts
Matthews Real Estate Investment Services
Location
- City Bronx, NY
- Neighborhood Fordham
- Zip Code 10458
- Market Bronx
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Walk score 92/100 Walker's Paradise -
Transit score 100/100 Rider's Paradise -
Bike score 51/100 Bikeable
Points of Interest
Fordham
0.21 miles
Kingsbridge Road
0.42 miles
Bedford Park Blvd.
0.54 miles
Bedford park Blvd.
0.56 miles
Bedford Park Boulevard
0.62 miles
182-183 Street
0.81 miles
Norwood–205th Street
0.93 miles
Mosholu Parkway
1.09 miles
Marble Hill–225th Street
1.24 miles
Tremont
1.32 miles
Exxon
0.37 miles
Shell
0.49 miles
BP
0.51 miles
Lukoil
0.88 miles
Gulf
1.27 miles
Sunoco
1.34 miles
Mobil
1.54 miles
Tesla Supercharger
3.22 miles
plugNYC
6.76 miles
ChargePoint
6.81 miles
Peter Jay Sharp Building
0.43 miles
Jerome – 190th Street Municipal Parking Garage
0.52 miles
Parking Area A
0.54 miles
Fordham Regional Parking Facility
0.58 miles
NYPD Bronx Tow Pound
1.03 miles
Southern Boulevard Parking
1.09 miles
Bronx River Parking
1.21 miles
Asia Parking
1.43 miles
Department of Sanitation District 6 Garage
1.49 miles
Broadway Parking Garage
1.74 miles
Enterprise
0.53 miles
Bedford Car Wash
0.64 miles
U-Haul
1.23 miles
Velocity
1.64 miles
Truck Leasing
3.38 miles
Cross County Car Wash
4.49 miles
Enterprise CarShare
6.34 miles
Aamcar Car Rental
6.47 miles
National
6.60 miles
Car Lease Inc New Rochelle
6.64 miles
Little Caesars
0.18 miles
Taqueria Los Angeles
0.28 miles
Applebee's
0.31 miles
2 Bros. Pizza
0.35 miles
Texas Chicken & Burgers
0.37 miles
Best Italian Pizza
0.38 miles
McDonald's
0.40 miles
Dunkin'
0.41 miles
Kennedy Chicken
0.42 miles
New Capital
0.43 miles
Burlington
0.17 miles
Cherry Valley
0.29 miles
Met
0.31 miles
Target
0.34 miles
Morton Williams
0.39 miles
Marshalls
0.40 miles
Dime
0.48 miles
Modern Market
0.66 miles
Antillana
0.74 miles
Fine Fare Supermarket
0.75 miles
Poe Pharmacy
0.29 miles
JJ Pharmacy
0.37 miles
Hopewell
0.39 miles
Union Community Health Center
0.40 miles
Duane Reade
0.41 miles
FDNY Engine 48/Ladder 56/Division 7
0.41 miles
Fordham Care
0.42 miles
FDNY Engine 79/Ladder 37/Battalion 27
0.44 miles
BronxCare Medical and Dental at Poe
0.47 miles
Good Life
0.59 miles
Listing Summary
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What is the asking price at Fordham Multifamily?
Fordham Multifamily is currently listed for sale at Price on request.
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What is the total size of Fordham Multifamily?
Fordham Multifamily has a total of 96,492 square feet.
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What is the year built for Fordham Multifamily?
The year built for Fordham Multifamily is 1911.
Matthews Real Estate Investment Services
