50-unit Bronx Portfolio | 11 Years 421a Tax Abatement | $7.98m @ 3.32% Assignable Financing — Exceptional Opportunity To Acquire A 50-unit Multifamily Portfolio Consisting Of Five Contiguous Buildings Located At 753, 755, 757, 759 & 761 E 214th Street In The Wakefield Section Of The Bronx. This Income-producing Package Offers Strong In-place Cash Flow, Significant Financing Advantages, And Long-term Tax Benefits Rarely Available In Today's Marketplace. The Portfolio Generates Approximately $859, 708 In Annual Gross Income And Is Being Offered At $8, 995, 000 ($179, 900 Per Unit). Investors Will Benefit From An Assignable Mortgage Balance Of Approximately $7, 981, 280 At An Attractive Fixed Interest Rate Of 3.32% Through August 30, 2031 (subject To Lender Approval), Creating A Substantial Financing Advantage Compared To Current Market Rates. The Property Also Benefits From Approximately 11 Years Remaining Of A 421a 25-year Tax Abatement Structure, Resulting In Exceptionally Low Real Estate Taxes And Enhanced Cash Flow. Current Estimated Noi Is Approximately $578, 648 With Additional Upside Through Lease-up Of Existing Vacant Units And Operational Efficiencies. Property Highlights: • Five Contiguous Multifamily Buildings • Approximately 50 Residential Units • Strong In-place Cash Flow • Gross Annual Income: $859, 708 • Estimated Noi: $578, 648 • 6.43% In-place Cap Rate • Approx. $179, 900 Per Unit • Assignable $7.98m Mortgage At 3.32% Fixed Through 8/30/2031 • Approximately 11 Years Remaining On 421a 25-year Tax Abatement • Extremely Low Real Estate Taxes • Multiple Vacant Units Providing Immediate Upside Potential • Conveniently Located Near Public Transportation, Shopping, Schools, And Major Bronx Thoroughfares This Is A Rare Opportunity For Investors, Operators, 1031 Exchange Buyers, Affordable Housing Groups, And Multifamily Portfolio Owners Seeking Scale, Strong Cash Flow, Favorable Financing, And Long-term Appreciation Potential. Financial Package, Rent Roll, Floor Plans, And Due Diligence Materials Available Upon Request.