Property Description

An income-producing multifamily investment opportunity located in the established East Tremont section of the Bronx. This five-story, prewar walk-up property offers 16 rent-stabilized residential apartments, reported superintendent's quarters, and a commercial component that may provide an additional source of income.Situated on a corner parcel within a densely populated residential neighborhood, the property benefits from its proximity to active commercial corridors, including East Tremont Avenue and Southern Boulevard. These thoroughfares serve as important neighborhood destinations for shopping, dining, convenience retail, and everyday services.The surrounding area features a mix of multifamily apartment buildings, neighborhood storefronts, small businesses, and community amenities. Public transportation access, including nearby 2 and 5 subway services, supports connectivity to other Bronx neighborhoods and Manhattan.With its established rental housing base, potential retail income, and reported 8.5% capitalization rate, 1933 Marmion Avenue presents an opportunity for investors seeking a Bronx multifamily asset with a neighborhood-oriented, mixed-use profile.

Property Features

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