Description

ERG Commercial Real Estate is proud to announce the recent short sale of 54 East 182nd Street Bronx, NY.

Short Sale of distressed fully stabilized 26 unit on the corner of Walton Avenue and E 182nd Street in the Bronx. Totaling 20,400sf consisting of 13 one bedrooms, 12 two bedrooms and 1 three bedroom. The property sits right between Jerome Ave and Grand Concourse within walking distance of the B, D, and 4 train.

9.9% Cap rate 83k per unit. At the time of closing there was 104 violations and multiple non paying tenants.