1215 Elder AVE, Bronx, NY 10472
1215 Elder AVE, Bronx, NY 10472
1215 Elder AVE, Bronx, NY 10472
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$1,950,000
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 979599

Rental Info No

Year Built 1913

Annual Tax Amount $22,166

Property Sub-Type Multi Family

Source onekey2

Property Description

Calling All Investors, Developers & End-Users!!! 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. (9.75 Cap!!!)

Location

State NY

County Bronx County

Interior

Heating Oil

Cooling Multi Units

Fireplace No

Exterior

Parking Features On Street

Utilities Available See Remarks

Building

Story 5

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

Others

Special Listing Condition None


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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by All Island Estates Realty Corp • Richard Matt Shane

NEARBY SCHOOLS & PROPERTIES

Arif Baksh

The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.

+1(914) 494-1549

arif@asarealestategroup.com

399 Knollwood Rd, White Plains, NY, 10603-1937, USA

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1215 Elder AVE