Property Description

Three 4 Story and a 7 Story Newly Built Walkup Residential Buildings with a Total of 61 Apartments, Community Facility and 8 to 10 car parking in the Morrisania and Belmont Sections of the Bronx. These Properties are Net Leased to 2 Entities. Fulton Avenue has 8 Apartments and have a 5 year initial lease term while East 170th Street has 20 Apartments a 10 year initial term. 2132 Mapes Avenue- has 10 Residential Apartments and 2131 Mapes Avenue- A 7 Story Elevator Building has 22 Residential Apartments, a Large 600+/- square foot Recreational room and a 300+/- square foot Community Facility. 2132 Mapes Avenue is Net Leased and has a 5 year initial lease term and a 421A Tax Abatement with 11 years remaining. 2131 Mapes Avenue is fully constructed and interior nearing completion. This building can be delivered vacant or NN leased at closing if required. Buildings will have 5 year lease Renewal Options.