1845 Andrews Avenue, Bronx, NY 10453
Bronx County
Key Facts
Description
Introducing 1845 Andrews Avenue, a newly developed brick five-family offering premium modern living and strong investment stability in the fast-growing University Heights corridor. With approximately $169K in gross income and an estimated $150K NOI, this building delivers a solid 6.3% cap rate, making it an attractive opportunity for savvy investors seeking a high-quality, free-market asset. Inside, each residence showcases custom finishes and thoughtful design, including flint-grey cabinetry, stone breakfast bars, stainless steel appliances, and hardwood flooring throughout. Spacious living rooms flow seamlessly into the kitchens—ideal for entertaining—while well-placed powder rooms offer added convenience. Bedrooms in every unit easily accommodate full furniture sets, creating comfortable, livable spaces. Each unit comes with wall units that provide efficient heating and cooling. This five-family includes: • Two 3-bedroom units, with 1.5 Baths, one with private yard access • Two 1-bedroom units, one with an in-unit washer and dryer and private outdoor space • One 2-bedroom unit Perfectly positioned in Morris Heights/University Heights, the building is moments from playgrounds, supermarkets, restaurants, schools, and multiple transit options (4, B, D trains + Bx3/Bx18/Bx36). With quick access to major roadways and the George Washington Bridge, commuting is efficient and convenient. Building Amenities: • Common Laundry on-site • Storage • Garage parking • Security camera system • Pet-friendly • Tenants pay their own utilities. Whether you're an end user seeking modern comfort or an investor pursuing a newly built, free-market asset with strong income, 1845 Andrews Avenue stands out as a premier offering in University Heights.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1920
Living Area
4,187 sq ft
Lot Size
0.07 acres
Parking Spaces
1
Days on Market
194
MLS® Listing#
941143
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Parking
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$9,893
Assessed Value
$385,200
Parcel Number
02879-0301
Affordability Calculator
$460,000
Estimated monthly payment
$12,242/mo
Principal $1,839,999 · Est. interest $2,566,963 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 301% above the area median.
- Its price per sq ft is 46% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Bronx, NY.
Location
- 1845 Andrews Avenue, Bronx, NY 10453
Points of Interest in Bronx, NY
Showing the Bronx area map.
Nearby Schools
Bronx Early Learning Center
School · 0.1 mi away
P. S 204 Morris Heights
Elementary · 0.2 mi away
Middle School 390
School · 0.2 mi away
PS 396
Elementary · 0.2 mi away
P10x@ 390x
Secondary · 0.2 mi away
PS 109
Elementary · 0.2 mi away
Charter High School for Law and Social Justice
Secondary · 0.2 mi away
M S 331
School · 0.2 mi away
P. S. 306
Elementary · 0.2 mi away
I. S. 232
Secondary · 0.2 mi away
I. S X303 Leadership & Community Service
Secondary · 0.2 mi away
The Bronx School of Young Leaders
Secondary · 0.2 mi away
PS 226
Elementary · 0.2 mi away
PS 306
Elementary · 0.2 mi away
Little Scholars Early Development Center
School · 0.3 mi away
Grow with US Pre- School
School · 0.3 mi away
I. S. 229 Roland Patterson
Secondary · 0.3 mi away
PS 236 Langston Hughes
Elementary · 0.4 mi away
P. S 091 Bronx
Elementary · 0.4 mi away
The Young Women's Leadership
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 |
|---|---|---|---|---|
| 1716 Fowler Avenue, Bronx, NY | $1,649,000 | — | 2 | 3,906 |
| 4175 3rd Avenue, Bronx, NY | $1,650,000 | — | — | 7,124 |
| 3418 Irwin Avenue, Bronx, NY | $1,680,000 | 8 | 3 | 3,500 |
| 5250 Arlington Avenue, Bronx, NY | $1,695,000 | 4 | 4 | 3,028 |
| 1162 Edison Avenue, Bronx, NY | $1,699,000 | 8 | 6 | 4,800 |
| 2918 Bruckner Boulevard, Bronx, NY | $1,699,000 | — | — | 4,576 |
Moving Cost Estimate
EXIT Agents in Bronx
Listing Courtesy: Locqube New York, Inc. - 3476571114
Presented by: Jeffrie Pena
Fair Housing Notice