Jeffrey Farnell - Smitchger Realty Logo
$1,400,000
( $86.42Per Sq Foot )
 $7,516 est/mo Sourced by Back At You

1215 Elder Avenue,Bronx, NY 10472

Bronx, NY 10472

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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. (13.57% Cap!!!)

Details

MLS #979599
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1913
Days On Site147
Listing Provided ByAll Island Estates Realty Corp | Richard Matt Shane

Features

SQ Feet16,200
Story(s)5
Units11
Building(s)1
Acreage0.09

Interior

CoolingMulti Units
HeatingOil

Exterior

Construction MaterialsBrick, Frame

Parking

Parking FeaturesOn Street

Utilities

UtilitiesSee Remarks
SewerPublic Sewer

Taxes

Tax Year2026
Tax Annual Amount22166
Tax Lot62

Area Information

StateNY
CountyBronx County
CityBronx
Zip Code10472
Listing VS Median (in 10472)
Price:
$1,400,000
low | high
Med:
$999,000
78.642857142857% of Average
sqft:
16,200
low | high
Med:
1,392
100% of Average
$ / sqft:
$86
low | high
Med:
$718
100% of Average
On site:
147
low | high
Med:
99
100% of Average
Sourced by Back At You

Market Activity 10472

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Additional Information

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Learn More About This Property

Jeffrey Farnell

Jeffrey Farnell

John J Lease REALTORS

GRI (914) 850-1257jeffreygfarnell@yahoo.com
StateNY
CountyBronx County
CityBronx
Zip Code10472
Listing VS Median (in 10472)
Price:
$1,400,000
low | high
Med:
$999,000
78.642857142857% of Average
sqft:
16,200
low | high
Med:
1,392
100% of Average
$ / sqft:
$86
low | high
Med:
$718
100% of Average
On site:
147
low | high
Med:
99
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.5M - $1.75M
sqft: 12,000 - 20,000
Nearby Listings Property ImageNearby Listings Details
1209 Elder Avenue Property Photo 1
$1,400,000
1209 Elder Avenue
Bronx, NY 10472
Listing Updated: July 23, 2026 at 1:22:43 PM PDT

Jeffrey Farnell - Smitchger Realty