27 Buchanan Pl, Bronx, NY 10453

RARE FIND 7 Story, Mixed-use new construction building! – 25 Res. Units (8 Studios, 10 One Bedrooms, 7 Two Bedrooms) – 1 Com. Unit – 9 Parking Spaces. 100% Occupancy! This property is a true gem with a Tax Abatement in place (30 yrs remaining) and low Taxes of only $940 Yearly! Located in University Heights, Bronx, a historic neighborhood, 66 ft tall with 18,240 sq ft of space: 17,140 sq ft for res. use and 1,100 sq ft for com. use. Features include: elevator, shared laundry, bike storage, security cameras, on-site super, new appliances, accessible entrance, pet friendly, fire alarm system, parking. Apartments feature a spacious layout, natural lighting, tile and hardwood floors throughout. Tenants enjoy the property’s convenient location and proximity to the B,D & 4 trains, shopping, dining and entertainment options right down the block. Lot 5000 sq ft Block & lot: 03196-0066 Zoning: R7-1 Built in 2020 Real Estate Tax: $940/ Yr due to 421a Tax Abatement, (30 years remaining) Total Income (Yr): $654K with rent increases each year! CAP Rate: 7.5% PROPERTY CAN BE SOLD AS A PACKAGE DEAL WITH ANOTHER PROPERTY IN THE BRONX. Please inquire for a detailed set-up