$2,195,000

Douglas Elliman has been exclusively retained by ownership to market for sale 15 Fort Charles Place, Bronx NY.

15 Fort Charles Place presents a rare multifamily investment opportunity in the historic Marble Hill enclave noted for its unique turn-of-the-century Victorian wood-frame homes and curved streetscapes. Positioned along a unique, curved streetscape historically noted for its turn-of-the-century Victorian architecture (including original moldings, ceiling medallions and lighting from the early 1900's), the property combines rich historical significance and is situated on the site of the Revolutionary War outpost Fort Prince Charles, enduring market appeal. While offering modern residential functionality.

Ideal multifamily owner/user or investment opportunity. Well maintained residential building with all 3 free-market (FM) apartments which have been each renovated, with efficient detail from top floor to lower level. There is a garage with two parking spaces and potential basement conversion opportunity (subject to approvals). Each unit features stainless steel appliances and both newly installed dishwasher and washer dryer in Unit 1 and on-site washer dryers for both Units 2 & 3. In addition to outdoor spaces serving as tenant common areas.

The property is ideally situated in Marble Hill, one of Bronx's vibrant residential neighborhoods, with convenient access to Inwood, Manhattan's northernmost neighborhood. The location offers excellent transportation connectivity with Metro-North's Marble Hill Station and the MTA 1 Train at 225th Street and Broadway, which are within approximately two blocks of the property. This strategic location provides residents with convenient access to nearby Manhattan, the surrounding Bronx and Westchester markets.

Proforma: Annual Rental Income $148,909 (Residential) + $5,400 (Commercial) - $19,235 (Annual Expenses + RE Tax) $129,674 Net Operating Income / 6.8% Cap Rate proforma.

Please contact agent to discuss details.