2333 Beaumont Avenue, NY
Newly Constructed Multifamily Building with 421a Tax Abatement in Bronx’s Little Italy
Overview
Key Highlights
- Price $4,180,000
- Units 12
- Cap Rate 7.16%
- Year Built 2023
Investment Highlights
• Brand New 2023 Construction with 30’ of frontage on Beaumont Avenue
• Benefits from a 421a tax abatement till 2059
• 4-story building spanning 7,942 gross square feet and containing 12 units comprising of four (4) studios, one (1) one-bedrooms, three (3) two-bedrooms, four (4) three-bedrooms
• Within a short walk to prime Little Italy Belmont, St. Barnabas Hospital, Fordham University, & E Fordham Road Commercial District
• Few blocks from the famous Arthur Avenue, offering immediate access to popular eateries in the heart of The Bronx’s Little Italy
• The building’s close proximity to Fordham University makes it a natural destination for the area’s many students seeking quality housing options
• Other major retailers in the area include national brands Best Buy, Dollar Tree, Starbucks, and Chipotle
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