Popham

1643-1645 Popham comprises two newly constructed 9-unit properties located in Morris Heights, a Bronx neighborhood experiencing rapid growth and extensive redevelopment. With convenient access to Manhattan’s highways, the area is well-positioned to attract an increasing influx of new residents.

Nord Group’s primary objective with this acquisition was to raise rents for both existing and new tenants by an average of $300-$400 per unit, all without the need for additional capital investment. With minimal maintenance costs and heightened demand from Section 8 housing, rents for one-bedroom units were increased to $2,100, creating another outstanding opportunity for Nord Group to capitalize on its core market in New York City.