1860 Billingsley TerThe Bronx, NY 10453

For Sale
$8,200,000

59-Unit Apartment Building, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 59-unit apartment building, located at 1860 Billingsley Terrace in the Morris Heights section of The Bronx, New York, presents a compelling investment opportunity. Built in 1927, this six-story building boasts 64,614 square feet on a 12,700 square foot lot. The property is zoned MF, allowing for multifamily use. Residents enjoy desirable amenities including hardwood floors and elevator access. The building's location offers stunning city skyline and park views, providing tenants with a high-quality living experience. Its convenient location is a significant advantage, with easy access to public transportation via the 4, B, and D subway lines, and proximity to major roadways such as I-87 and I-95. The asking price for this well-maintained property is $8,200,000. This represents a significant opportunity to acquire a substantial multifamily asset in a rapidly developing area of The Bronx, offering strong potential for future appreciation and rental income. The building's size and unit count provide excellent scale for an investor seeking a substantial portfolio addition. The combination of its classic architecture, modern amenities, and prime location makes 1860 Billingsley Terrace a truly remarkable investment prospect. The property's strong tenant base and established rental income stream further enhance its appeal. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving New York City neighborhood.

Highlights

  • 59-unit multifamily building, 64,614 sq ft, on a 12,700 sq ft lot, located at 1860 Billingsley Terrace, Morris Heights, Bronx, NY.
  • Elevator and hardwood floors.
  • City skyline and park views; steps from the 4, B, and D subway lines; built in 1927.
  • Close proximity to I-87 and I-95.

Property Details for 1860 Billingsley Ter

Property type
Multifamily properties, Apartment buildings
Square Feet
64,614 SF
Year Built
1927
Stories
6
Units
59

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.8535327
Longitude
-73.9170228
1860 Billingsley Ter, The Bronx, New York

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1860 Billingsley Ter
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