Team Lala of RMF recently acheived a fully executed contract on this user/investor property in a highly sought after, prime Westchester County location.

Estimated $124k annual upside with 22 FREE MARKET units & located steps from Montefiore Hospital, Metro North & The Bronx River Parkway

Team Lala of RM Friedland is pleased to present the opportunity to acquire this ten family building located on the west side of Franklin Avenue just south of East Third Street in the city of Mount Vernon, New York.

The property consists of forty five affordable (62+) apartments and a 1,863 SF community facility. There is also a 1,010 SF recreational facility on the ground floor and the option to build out a six machine laundry room on the ninth floor.

The subject property has been owned and managed by the same family for approximately forty three years and consists of two buildings with a middle yard on one parcel. The three story building with frontage on Arthur Avenue consists of a long-established neighborhood mainstay pizzeria with four apartments above. The rear building is a two story, two family home.

Many apartments have been renovated with granite countertops and stainless appliances and multiple lines feature 1.5 and 2 bathrooms.

Team Lala of RMF just facilitated the execution of a P&S agreement for this corner multifamily building located on the northeast corner of Gates Place and West Mosholu Parkway in The Bronx.

Build up to 4,750 sf of residentialand community facility use in The Bronx's Van Nest neighborhood with this 25 foot wide, R5 zoned lot

26 Fort Charles Place was substantially gut renovated in the late 1980's and a 34 year J-51 tax abatement is set to expire in 2023. This creates a possibility to destabilize apartments with some leases already containing the appropriate language.

Acquire this rare 100% free market garden-style apartment building with balconies, 23 car parking and private yard access for ground floor units.

Team Lala's client just recently closed on their upleg - a 77,289 square foot shopping center in Raton, New Mexico.

Back in December of 2022, the team helped finalize the sale of twelve apartments and four storefronts on Bedford Park Boulevard in The Bronx.

Contact Marco Lala to find out how Team Lala can help manage every step of the 1031 exchange process.

The subject property is a two story 3,432 (est.) square foot retail and office building located on the north side of East 204th Street just east of Perry Avenue.

Eighteen of twenty four residential apartments have been substantially renovated with high-end wood and tile finishes and stainless steel appliances.

These ultra-lux apartments plus a medical office in the heart of Riverdale will phase out of rent stabilization and become free market in 2026.

The subject property consists of a 1,625 square foot, single story building on a 2,499 square foot parcel. The site sits in an R7-1 zone with 25 feet of street frontage and a lot depth of 100 feet.