Property Description for 770 East 214th Street
Compass has been retained on an exclusive basis to facilitate the sale of 746 and 770 E.? 214th Street in the Williamsbridge neighborhood of the Bronx.? These brand-new buildings are composed of 10 free-market units each and are fully occupied with an existing NOI of ~$350k.? They are ideal for a 1031 exchange as they provide substantial existing income, taxes will stay low (tax class 2B), and Williamsbridge is a quickly appreciating neighborhood with double digit rental growth projects.?