1209 Elder Avenue,Bronx, NY 10472
Bronx, NY 10472
Description
Calling All Investors, Developers & End-Users!!! 11.56 Cap 11 Unit Bronx Apartment Building Just Off 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.): $6,600 Ann.; No Lease. Unit 2 (3 Br. Apt.): $23,757.24 Ann. Lease Exp.: 11/30/26. Unit 3 (3 Br. Apt.): $24,828.60 Ann.; Lease Exp.: 3/31/26. Unit 4 (3 Br. Apt.): $27,660 Ann.; Lease Exp.: 3/31/27. Unit 5 (3 Br. Apt.): $30,000 Ann.; Lease Exp.: 3/31/27. Unit 6 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 1/31/27. Unit 7 (3 Br. Apt.): $27,833.28 Ann.; Lease Exp.: 11/30/26. Unit 8 (3 Br. Apt.): $23,789.04 Ann.; Lease Exp.: 11/30/26. Unit 9 (3 Br. Apt.): $25,260 Ann.; Lease Exp.: 2/28/27. Unit 10 (3 Br. Apt.): $21,004.56 Ann.; Lease Exp.: 10/31/27. Unit 11 (3 Br. Apt.): $22,093.68 Ann.; Lease Exp.: 7/31/27. Gross Income: $256,697.04 Ann. Expenses: Oil: $20,092.61 Ann. Electric: $2,355.18 Ann. (Common Areas Only) Maintenance & Repairs: $5,500 Ann. Insurance: $10,000 Ann. Water & Sewer: $13,286.04 Ann. Taxes: $32,129.96 Ann. Total Expenses: $83,363.79 Ann. Net Operating Income (NOI): $173,333.25 Ann. (12.38% Cap!!!) Reply, Reply All or Forward
Details
| MLS # | 979705 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | Active |
| Year | 1913 |
| Days On Site | 147 |
| Listing Provided By | All Island Estates Realty Corp | Richard Matt Shane |
Features
| SQ Feet | 13,200 |
|---|---|
| Story(s) | 5 |
| Units | 12 |
| Building(s) | 1 |
| Zoning | C42 /R6 |
| Acreage | 0.09 |
Interior
| Cooling | Multi Units |
|---|---|
| Heating | Oil |
Exterior
| Construction Materials | Frame |
|---|
Utilities
| Utilities | Electricity Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2026 |
|---|---|
| Tax Annual Amount | 32129 |
| Tax Lot | 64 |
Area Information
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10472 |
| Listing VS Median (in 10472) | |
Price: $1,400,000 low | high Med: $999,000 sqft: 13,200 low | high Med: 1,392 $ / sqft: $106 low | high Med: $718 On site: 147 low | high Med: 99 | |
Market Activity 10472
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Learn More About This Property
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10472 |
| Listing VS Median (in 10472) | |
Price: $1,400,000 low | high Med: $999,000 sqft: 13,200 low | high Med: 1,392 $ / sqft: $106 low | high Med: $718 On site: 147 low | high Med: 99 | |
 | $1,400,0001215 Elder AvenueBronx, NY 10472 |