Arthur Hoffman Lorillard Portfolio

2415 Arthur Avenue, 2406 Hoffman Street, 2416 Lorillard Place, Belmont, Bronx, NY 10458
For Sale

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Property Details

  • Price: $30,750,000
  • Property Type: Student Housing
  • Cap Rate: 6.00%

Property Highlights

Property Overview

Stonefield Real Estate has been exclusively retained to sell a unique portfolio of three off-campus student housing properties serving Fordham University’s Rose Hill Campus. These properties—2415 Arthur Avenue, 2406 Hoffman Street, and 2416 Lorillard Place—are located just 0.2 miles (a 5-minute walk) from campus in the heart of Belmont’s vibrant Little Italy neighborhood. Together, they create a cohesive student housing portfolio featuring a total of 3 retail units, 1 garage unit, 46 student housing units, and 120 beds.

2415 Arthur Avenue: A newly constructed, 6-story building spanning approximately 41,232 square feet, featuring 3 retail units and 32 student housing units with a total of 73 beds.

2406 Hoffman Street: A newly constructed, 6-story building encompassing approximately 22,451 square feet, including 1 garage unit and 10 student housing units with 30 beds. Positioned back-to-back with 2415 Arthur Avenue, the two buildings are connected via a second-floor skybridge.

2416 Lorillard Place: A 3-story building covering approximately 8,500 square feet, housing 4 student housing units with 17 beds. Located just one block away, this property complements the other two as part of the broader portfolio.

All three properties represent turn-key investment opportunities, boasting 100% occupancy rates, market-rate rents, modern finishes, and low-maintenance requirements. The fully furnished units include a full-size bed, dresser, nightstand, mattress, desk, chair, dining table, full kitchen, TV, and complimentary Wi-Fi.

2415 Arthur Avenue and 2406 Hoffman Street are seamlessly integrated through a second-floor skybridge and their back-to-back positioning. 2416 Lorillard Place, a block away, offers additional high-quality housing to this student-focused portfolio. Residents of all three properties have access to the amenities offered at 2415 Arthur Avenue, enhancing the appeal of this well-located and high-performing student housing portfolio.

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Financial Summary

Investment Highlights

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Price / Unit $0.00
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Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

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Net Operating Income $0.00 $0.00
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Rent Roll

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Lease Expires

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  • 251-73 Jericho Turnpike
    Suite 406, Bellerose, NY 11426

  • 929.600.4648

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