Bronx Co-Op Package
New York, NY
Overview
Summary
- Asking Price $5,250,000
- Addresses 2830 Briggs Avenue / 3000 Valentine Avenue
- Total Size 106,860 SF
- Total Units 16 / 12
Avison Young, as exclusive agent, is pleased to present the opportunity to acquire a diversified portfolio of bulk cooperative units (the “Portfolio”) across two well-located Bronx properties: 2830 Briggs Avenue and 3000 Valentine Avenue.
The Portfolio consists of twenty-eight (28) co-op units, including twenty-five (25) free market (“FM”) units (89% of the portfolio) and three (3) rent-stabilized (“RS”) units, offering a compelling combination of in-place cash flow and long-term value creation through regulatory turnover, unit repositioning, and selective unit sales. The unit mix includes two (2) studios, thirteen (13) one-bedrooms, twelve (12) two-bedroom one-bathroom units, and one (1) two-bedroom two-bathroom unit, with notably large layouts averaging 923 SF.
