Fantastic Investor Opportunity in Prime Bronx Location – 2201 University Avenue
Presenting a rare opportunity to acquire a multifamily property that can be converted to 20 SRO's (single room occupancy) which the City is in much need to provide, in a high-demand area of the Bronx.
2201 University Avenue offers significant upside potential for investors and developers alike.
Situated on a generous lot, this property is ideal for a full-scale renovation to maximize rental income—or as a prime candidate for redevelopment in an area seeing strong growth and revitalization.
Current zoning and location near major transportation, schools, and a bustling commercial shopping destination, makes this a smart long-term hold or development play. Whether you're looking to restore and reposition the existing structure or clear and build new, the possibilities are endless.
Don’t miss your chance to gain tremendous value in a rapidly evolving neighborhood.
All offers must be cash only.
2201 University Avenue, New York, (Bronx), NY, 10453
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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