Map pin303 East 158th Street, New York, NY, 10451, US

Courtlandt Avenue

Courtlandt Avenue_Property for Sale

Attributes

Units
167
Year built
2005
Rent & Income Restrictions
100% LIHTC / Section 610 Amendment

Description

JLL is pleased to exclusively offer for sale Courtlandt Avenue, a 167 unit, 100% LIHTC community located in the Bronx, NY. The Property benefits from a $1,750+ spread to market-rate comparables and 97% current occupancy, supporting stable, bond-like cash flow further bolstered by significant future rent growth potential under the Section 610 program. New York City's supply-constrained, cost-burdened rental market — where 61% of renters are cost-burdened and less than 1% of total rental stock was delivered in 2025 — combined with the region's #1 ranking in U.S. metro GDP and metro population makes Courtlandt Avenue a compelling affordable housing investment opportunity.

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Investment highlights

  1. Stable, Bond-Like Cashflow
  2. Future Rent Growth Potential
  3. Long-term Tax Protection Play
  4. Affordable Housing in a Rent Burdened Market
  5. Located in the Premium New York City Metro
  6. Proximity to Economic Drivers and Ease of Access
Courtlandt Avenue (0 Properties)

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Last updated Jul 27, 2026