Tegford Portfolio, NY
249 Unit Mixed-Use Portfolio Encompassing Almost A Full City Block | Longwood, Bronx
Overview
Key Highlights
- Price $22,750,000
- Units 249
- Location Almost Entirely A Full City Block
- Tax Benefit J-51 Exemption Expiring 2038/2039
- Gross Sq. Ft. 163,428
Investment Highlights
• 249 units across 9 walk-up buildings located in the Longwood section of the Bronx
• Large footprint encompassing almost a whole city block, ideal for assemblage buyers and prime for seamless management
• Sustainable retail tenancy with strong historical collections
• Concentrated scale with efficient building systems
• 48 year long term ownership
• 4 of the assets are situated along the 152nd Street retail corridor, 2 blocks from the Jackson Ave subway stop for the 2/5 trains along Westchester Avenue
• Portfolio benefits from a J-51 tax abatement expiring between 2038-2039
• Offered at well below replacement cost
• 25% of residential units currently on preferentials rents
Copyright © 2025 Tegford Portfolio. All rights reserved. Powered by SharpLaunch