1215 Elder AvenueBronx, NY 10472
Bronx County
Description
Calling All Investors, Developers & End-Users!!! 12.67 Cap 11 Unit Bronx Apartment Building Near Westchester Ave. For Sale!!! The Building Features Excellent Signage, Great Exposure, C4-2 (R6 Equivalent) Zoning, High 9’ Ceilings, (11) 3 Br. Apartments, 5 Stories, Large Rear Yard, All New LED Lighting, 3 Phase Power, A/C, +++!!!! The Property Is Located In The Heart Of Park Versailles Just Off Busy Westchester Avenue!!! The Property Is Situated Between The Bronx River Pkwy., I-95, I-278 & Sheridan Blvd.!!! Neighbors Include Chase Bank, Bank Of America, Verizon, T-Mobile, AT & T, Extra Space Storage, CubeSmart Self Storage, Boost Mobile, CVS, Dunkin’, CityMD, Shell, BP Gas, Foot Locker, Cookie’s Department Stores, McDonald’s, Burger King, Papa John’s, Domino’s, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 11/30/26. Unit 2 (3 Br. Apt.): $27,710.04 Ann. Lease Exp.: 11/30/27. Unit 3 (3 Br. Apt.): $26,694.48 Ann.; Lease Exp.: 10/31/27. Unit 4 (3 Br. Apt.): $13,501.20 Ann.; Lease Exp.: 7/31/27. Unit 5 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 12/31/26. Unit 6 (3 Br. Apt.): $31,866.24 Ann.; Lease Exp.: 11/30/26. Unit 7 (3 Br. Apt.): $18,014.16 Ann.; Lease Exp.: 12/31/27. Unit 8 (3 Br. Apt.): $21,845.88 Ann.; Lease Exp.: 8/14/27. Unit 9 (3 Br. Apt.): $29,925.12 Ann.; Lease Exp.: 3/31/26. Unit 10 (3 Br. Apt.): $25,299.72 Ann.; Lease Exp.: 11/30/26. Unit 11 (3 Br. Apt.): $23,789.88 Ann.; Lease Exp.: 10/31/27. Gross Income: $266,388 Ann. Expenses: Gas: $21,865.40 Ann. Electric: $2,500 Ann. (Common Areas Only) Maintenance & Repairs: $5,500 Ann. Insurance: $10,000 Ann. Water & Sewer: $14,317.93 Ann. Taxes: $22,166.32 Ann. Total Expenses: $76,349.65 Ann. Net Operating Income (NOI): $190,038.35 Ann. (13.57% Cap!!!)
Property Information
- Property type
- Commercial Sale
- Sub-type
- Multi Family
- Year built
- 1913
- Stories
- 5
- Building area
- 16,200 Sq Ft
- Lot size
- 4,000 Sq Ft
- Days on market
- 170
- MLS® Listing#
- 979599
Property Features
- Cooling
- Multi Units
- Heating
- Oil
- Parking
- On Street
- Construction
- Brick · Frame
- Utilities
- See Remarks
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- Annual taxes
- $22,166
- Parcel number
- 03772-0062
Listing Courtesy: All Island Estates Realty Corp - 5167835600
Presented by: Richard Matt Shane
Fair Housing NoticeMore listings to consider
View similar listings View nearby listings$1,400,000
Similar13,200 Sq Ft
1209 Elder AvenueBronx, NY 10472#979705
Listing courtesy of All Island Estates Realty Corp
$1,400,000
Similar4,792 Sq Ft
616 East 168 StreetBronx, NY 10456#999873
Listing courtesy of Dom Realty of NY Inc
$1,449,999
Similar2,760 Sq Ft
811 Courtlandt AvenueBronx, NY 10451#999591
Listing courtesy of Locqube New York, Inc.
$1,500,000
Similar8,000 Sq Ft
2308 Hughes AvenueBronx, NY 10458#1023628
Listing courtesy of Silverside Realty LLC
$2,700,000
Nearby< 0.1 mi32,400 Sq Ft
1209-1215 Elder AvenueBronx, NY 10472#979716
Listing courtesy of All Island Estates Realty Corp
$1,270,000
Nearby< 0.1 mi11 bd, 5 ba, 2,648 Sq Ft
1255 Elder AvenueBronx, NY 10472#1041272
Listing courtesy of Max It Realty
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1209 Elder Avenue, Bronx, NY | $1,400,000 | — | — | 13,200 |
| 616 East 168 Street, Bronx, NY | $1,400,000 | — | — | 4,792 |
| 811 Courtlandt Avenue, Bronx, NY | $1,449,999 | — | — | 2,760 |
| 2308 Hughes Avenue, Bronx, NY | $1,500,000 | — | — | 8,000 |
