Bronx, Bronx, NY 10461
Property Type
Multi Family
Central AC
No
Year Built
1941
RE Tax
$20,723 (Monthly)
Listing courtesy of Fred Palma of Coldwell Banker Signature Prop.
Exceptional investment opportunity in the heart of Pelham Bay! This well-maintained 8-family brick apartment building offers a strong income-producing asset with an excellent rent roll and outstanding long-term value. The property features a desirable unit mix of six spacious two-bedroom apartments and two one-bedroom apartments, appealing to a wide range of tenants. Adding to its income potential are six private garages, providing an additional revenue stream in this highly sought-after neighborhood. The building has been thoughtfully maintained over the years, with numerous capital improvements including an updated boiler and renovations to many of the kitchens and bathrooms, allowing the next owner to benefit from a property that has been consistently cared for. Ideally located near shopping, restaurants, parks, public transportation, and major highways, this turnkey investment combines stable cash flow with future upside in one of the Bronx's most desirable neighborhoods. Whether you're expanding your portfolio or acquiring your first multifamily investment, this Pelham Bay property is a rare opportunity not to be missed.
0
Bronx
Bronx
Multi Family
$20,723 (Monthly)
1941
Brick
8
1941
Bronx
Bronx
Driveway, Garage
$20,723 (Monthly)
Full
Yes - Wall/Window Unit(s)
Yes
Yes - Steam
0
Public
Total$28,586.11/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
| Address | Size | Sold For |
|---|---|---|
| 1439 Wood Road, #4E #4EBronx | 1 BR / 1 BA | $220,000 |
| 91 Van Cortland Avenue W #2D #2DBronx | 1 BR / 1 BA | $2,210,001 |
| 91 Van Cortland Avenue W #6H #6HBronx | 1 BR / 1 BA | $220,000 |
| 525 W 235th Street #2A #2ABronx | 1 BR / 1 BA | $215,000 |
| 5420 Netherland Avenue #B42 #B42Bronx | 1 BR / 1 BA | $195,000 |
| 2630 Kingsbridge Terrace #5A #5ABronx | 1 BR / 1 BA | $169,500 |
Closed sales recorded by Brown Harris Stevens agents.

The Bronx, New York, is home to iconic landmarks like Yankee Stadium and the New York Botanical Garden.
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