2025 Seward Ave

> Ariel Property Advisors is proud to present 2025 Seward avenue, a completely de-stabilized, free-market, 8-story elevator building in the Castle Hill section of the Bronx. > The entire property spans roughly half the block on Seward Avenue between Puglsey and Olmstead Avenues. > The property is nearly fully occupied and has 154 spacious apartments (685 rooms), 4 elevators and an 83-car parking lot. > In addition to the existing residential units, there are approved plans for the construction of an additional 25 units on the ground floor. > Current ownership has spent a considerable amount of resources to maximize rents and collections, reduce expenses, and simultaneously improve the quality of life for the residents. > With projected revenues over $2.8 million, the building has a current NOI of roughly $1.6 million. > As the building is currently carrying debt of $17 million, there is a relatively small amount of cash required to transact with expected levered returns of 7-8%. > With so much revenue under one roof, 2025 Seward offers buyers unique economies of scale, effectively resulting in a significant return on investment. > For a comprehensive marketing package and to obtain access to our online data room, please contact our sales team.