2311 Creston Avenue, Bronx, NY 10468
Bronx County
Key Facts
Description
Zoned R8, can be delivered vacant! Currently a fully occupied three family investment opportunity in the heart of Fordham Heights, offering immediate cash flow in a prime Bronx location just one block from the 182nd Street Grand Concourse subway station. This well maintained and recently fully renovated property features three spacious two bedroom, one bathroom apartments, each currently rented at $2,762 per month. All units are occupied with tenants in place, providing consistent income from day one. Tenants are responsible for all utilities, contributing to low operating expenses and strong overall performance. The property also includes a full basement with utility access, offering additional functional space and flexibility. Annual expenses remain low, with taxes at $4,087, water at $2,000, and common electric at $900, further enhancing the investment appeal. With a 7.4% cap rate, this is an ideal opportunity for investors seeking a stabilized, income producing asset in a high demand rental market. A turnkey investment in a highly accessible and desirable Bronx location.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1901
Living Area
2,232 sq ft
Lot Size
0.05 acres
Days on Market
44
MLS® Listing#
976499
Property Features
- Interior:
- Open Floorplan, Storage
- Cooling:
- Wall/Window Unit(s)
- Heating:
- Natural Gas
- Basement:
- Full, Storage Space
- Parking:
- On Street
- Construction:
- Brick
- Utilities:
- Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $4,087
- Assessed Value:
- $54,000
- Parcel #:
- 03172-0036
Directions
Grand Concourse to 183rd to Creston
Affordability Calculator
$230,000
Estimated monthly payment
$6,121/mo
Principal $920,000 · Est. interest $1,283,482 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Bronx, NY
- $576,699
- Median Listing Price
- 70
- Median Days on Market
- 1,206
- Median Sq Ft
- $376
- Median Price / Sq Ft
- 1,266
- Active Listings
- This home’s price is 99% above the area median.
- Its price per sq ft is 37% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Bronx, NY.
Location
- 2311 Creston Avenue, Bronx, NY 10468
Walk Score
Nearby Schools
Academy for Personal Leadership and Excellence
School · 0.1 mi away
PS 9
Elementary · 0.1 mi away
Kipp Freedom Elementary School
Elementary · 0.2 mi away
Lab School
School · 0.2 mi away
X347 Annex
Elementary · 0.2 mi away
PS 209
Elementary · 0.2 mi away
Creston Academy
School · 0.2 mi away
Elementary School for Math Science and Technology
Elementary · 0.2 mi away
P. S. 033 Timothy Dwight
Elementary · 0.3 mi away
School for Environmental Citizenship
Elementary · 0.3 mi away
ABC Training Center
School · 0.3 mi away
P. S 085 Great Expectations
Elementary · 0.3 mi away
I. S. 206 Ann Mersereau
Secondary · 0.3 mi away
Theatre Arts Production Company School
Secondary · 0.3 mi away
Angelo Patri Middle School
Secondary · 0.3 mi away
Bronx Community Charter School
School · 0.3 mi away
PS MS 279
Elementary · 0.3 mi away
Vivid Imagination
School · 0.4 mi away
Brilla Caritas Elementary School
Elementary · 0.4 mi away
Kingsbridge Montessori School
Elementary · 0.4 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Bronx
Listing Courtesy: Real Broker NY LLC - 8554500442
Presented by: Shpresa Camaj
Fair Housing Notice