3050 Corlear Ave, Bronx, New York 10463
Superb Trophy Sycamore Court Best Class A 63 Residential Apartments Condominium

Property Description

Brand New 2009 construction, 97% Occupied, 7 Story Class A First Class Finest Luxury Concierge Elevator Brick Apartment Building Condominium Fee Simple Real Estate containing 63 Luxury Apartments with 50,788 Square Feet of Usable Residential Square Footage, plus 16 of these same units have 3,873 square feet Exterior Usable Terraces or Balconies for a Total Usable Residential Interior & Exterior 54,661 Square Feet.

Property Details

No. Units:63
Building Size:10220 SF
Property Type:Multi-Family
Property Sub-type:Mid/High-Rise
Property Use Type:Investment
Cap Rate:4.78%
Gross Rent Multiplier:15.27
No. Stories:7
Year Built:2009
Lot Size:10220 SF


Unit Mix

DescriptionNo. UnitsAvg. Mo. Rent
Studio 1 Bathroom10
1 Bedroom 1 Bathroom17
1 Bedroom 1.5 Bathroom1
2 Bedroom 2 Bathroom31
3 Bedroom 2 Bathroom4

Financial Summary

Scheduled Gross Income$1790710
Effective Gross Income$180817
Operating Expenses$485467
Net Operating Income$1315350

Debt & Equity Information

Major Tenants

TenantSF OccupiedLease Expired