10 unit apartment building - Bronx, NY - Short Sale

I am a NY State RE broker and have a client who has under contract a 10 unit apartment building on Creston Avenue in the Bronx.  They're backing out of the deal but will sell the assignment of the contract to cover their expenses.

The basics:

10 3 bdrm units + 1 unit in basement for super

5 story walk up in University Heights/Fordham Manor

3 minute walk from either 4 or B/D trains

12,750 sq ft

Solid construction – structural engineer inspected building with me.

Boiler/electric 6 years old

Short Sale

Multiple HPD violations

Several DOB and ECB violations

Bank approved $650,000 purchase price

Assignment fee - TDB

All units need at least 10k worth of rehab but bones and major utilities are solid. 

The sale must be brokered through me because contract and broker agreement have been signed and are part of the assignment.

Serious buyers only.  Price is solid, no negotiating.  Sold as is.

3615136158?profile=originalKirk NoreenNY State RE Broker

646 436 7083


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  • Hardmoney


    Hello.  Please include me on future scenarios.




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