Exclusive Offering Mott Haven Multifamily in Opportunity Zone 128 Willis Avenue, Bronx 9 Total Units I-95 Sign Potential OPPORTUNITY ZONE $161k GSI $113k NOI Exclusive Agents: Marco Lala • 914.380.3806 Jack Lala • 914.363.7903
[email protected] [email protected] Dave Raciti • 914.775.7322 Michelle Lala • 914.861.3183
[email protected] [email protected] Team Lala of RM Friedland LLC - 440 Mamaroneck Avenue #504, Harrison, NY 10528 Exclusively Listed by RM Friedland LLC Page 2 of 9 FOR SALE | MOTT HAVEN, BRONX MULTI-FAM IN OPPORTUNITY ZONE 128 Willis Ave, Bronx, NY 10454 (Parcel #: 02278-0004) OPPORTUNITY ZONE 6.4% Asking 4.9% 14.3 x 7,425 Average Residential Rents - Pro Forma $336 /month /room Cap Rate Total SF $2,295,000 Cap Rate Rent $1,044 /month /unit ● 8 Residential Apartments Many large developments along the South Bronx waterfront are driving & 1 Retail Space a tremendous amount of interest in Mott Haven. In 2018, the $165M sale of a build-able waterfront site became the most expensive Bronx ● Mott Haven Area development deal in history. Bronx, NY This Mott Haven, brick building sits in an Opportunity Zone and consists ● I-87 On-ramp of eight residential apartments and one retail space located on the Billboard Potential east side of Willis Avenue just south of Interstate 87 and East 134th Street. This is the perfect location for a rooftop billboard overlooking ● Large Two Bedroom the on-ramp connecting the Willis Avenue Bridge to I-87. There is also Apartment Layouts the future potential to reconfigure the current railroad apartment layouts and possibly increase the overall unit count.