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Bronx Multifamily Up for Sale with Tax-Free Period
Cushman & Wakefield has been hired to sell 800 E. 160th St., a 22,230-square-foot, mixed-use multifamily building in the Woodstock neighborhood of the Bronx. The firm’s Jonathan Squires and Josh Neustadter will represent the seller in all marketing efforts. An asking price wasn’t disclosed.
“This property operates under a J-51 tax abatement with 11 years remaining, which would provide investors the opportunity to acquire a property that would be tax-free for the next seven years,” said Neustadter.
“Additionally, 800 E. 160th St.’s location and return on investment at the price it is being offered makes it a highly attractive asset,” added Squires.
800 E. 160th is a six-story, 28-unit mixed-use apartment building, situated on the southwest corner of East 160th Street and Union Avenue. Twenty-six units are residential, while the remaining two units are commercial spaces, currently accommodate two churches.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
