2025 Seward Avenue, Bronx, NY
DEVELOPMENT TYPE: MULTI-FAMILY APARTMENT BUILDING
2025 Seward Avenue is an eight-story apartment building that was built in 1980. The building has 154 spacious apartments (685 rooms), 3 commercial spaces, 4 elevators, an 80-car parking lot, a playground, and is fire proof. Located in the north-most region of the five boroughs in New York, the Bronx is the third most densely populated county in the USA. There is a huge demand for housing in this area, and this multi-family apartment building supplies that demand.
This 154 residential unit building, which we acquired in 2007, is the only Free Market building in the Castle Hill section of the Bronx. Construction has been planned to expand the building by 25 units. Occupancy is over 98%.
The project is a joint venture with Delshah Capital.