1215 Elder Avenue, Bronx, NY 10472
Bronx County
Key Facts
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. (12.67 Cap!!!)
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1913
Stories
5
Living Area
16,200 sq ft
Lot Size
4,000 sq ft
Days on Market
90
MLS® Listing#
979599
Property Features
Cooling
Heating
Parking
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$22,166
Parcel Number
03772-0062
Affordability Calculator
$300,000
Estimated monthly payment
$7,984/mo
Principal $1,200,000 · Est. interest $1,674,107 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Bronx, NY
- $573,585
- Median Listing Price
- 71
- Median Days on Market
- 1,200
- Median Sq Ft
- $376
- Median Price / Sq Ft
- 1,272
- Active Listings
- This home’s price is 162% above the area median.
- Its price per sq ft is 75% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Bronx, NY.
Location
- 1215 Elder Avenue, Bronx, NY 10472
Points of Interest in Bronx, NY
Showing the Bronx area map.
Nearby Schools
P. S 196
Elementary · 0.1 mi away
PS 195
Elementary · 0.1 mi away
The Urban Assembly CH
Secondary · 0.2 mi away
Bronx Little School
Elementary · 0.2 mi away
Monroe Campus High School Alternate Learning Center Alc
Secondary · 0.2 mi away
The Metropolitan Soundview High School
Secondary · 0.2 mi away
James Monroe H S
School · 0.2 mi away
P. S. X721 - Stephen McSweeney School
Secondary · 0.2 mi away
Mott Hall V
Secondary · 0.2 mi away
P 188 at Monroe Campus
School · 0.2 mi away
The Cinema School
Secondary · 0.2 mi away
Bold Charter School
Elementary · 0.3 mi away
Fannie Lou Hamer Freedom High School
Secondary · 0.3 mi away
PS 152
Elementary · 0.4 mi away
Fannie Lou Hamer Middle School
Secondary · 0.4 mi away
P. S. 066 School of Higher Expectations
Elementary · 0.4 mi away
Samara Community School
Elementary · 0.4 mi away
J. H. S 123 James M Kieran
Secondary · 0.4 mi away
The School for Inquiry and Social Justice
Secondary · 0.4 mi away
JHS 123
Secondary · 0.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2132 Edenwald Avenue, Bronx, NY | $1,050,000 | — | 2 | 3,177 |
| 2471 B crotona Avenue, Bronx, NY | $1,050,000 | — | — | — |
| 3303 Palmer Avenue, Bronx, NY | $1,050,000 | 7 | 5 | 3,724 |
| 440 E 186TH ST, Bronx, NY | $1,050,000 | 8 | 3 | — |
| 1309 Herschell Street, Bronx, NY | $1,050,000 | 8 | 3 | 2,016 |
| 1320 Clay Avenue, Bronx, NY | $1,050,000 | 8 | 3 | 2,304 |
Moving Cost Estimate
EXIT Agents in Bronx
Listing Courtesy: All Island Estates Realty Corp - 5167835600
Presented by: Richard Matt Shane
Fair Housing Notice