695 East 132nd Street

This property is an 11,000+ SF brick building in the quickly-appreciating Port Morris neighborhood at the southernmost point of the Bronx. It is currently fully leased at a 6.5% cap rate: The first and third/fourth floors have definite upside potential in rent meaning the building could be over an 8% cap rate in two years. The building is defined by 4 walls of brick, the majority of floors have 4 exposures with windows facing North, South, East and West.