695 E 132nd St Unit 1 Bronx, NY 10454

This property is an 11,000+ SF brick building in the quickly-appreciating Port Morris neighborhood at the southernmost point of the Bronx. It is currently fully leased at a 6.5% cap rate: The first and third/fourth floors have definite upside potential in rent meaning the building could be over an 8% cap rate in two years. The building is defined by 4 walls of brick, the majority of floors have 4 exposures with windows facing North, South, East and West. Two of 4 floors have very tall ceiling height (ground and top floors) at roughly 10 feet high. Several kitchens and bathrooms outfit each floor. The building has an elevator which opens up into each unit, and the structure takes up it's entire lot, which is 4,125SF. The location places the building 15 minutes away from Grand Central Station, near the 6 train, and plenty of access points to nearby highway systems.