Prime Bronx new construction multifamily investment opportunity. Built in 2022, this 7-story elevator building consists of 18 Rent Stabilized. units and benefits from a 32-year tax abatement. The property offers strong in-place cash flow with approximately 8% CAP RATE and minimal deferred maintenance due to recent construction. Located in the heart of the Bronx near Bronx Zoo, New York Botanical Garden, Fordham University, and the Fordham Road commercial corridor. Convenient access to public transportation, retail, dining, and major neighborhood amenities.
| MLS # | 1001934 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 2023 |
| Days On Site | 96 |
| Listing Provided By | S10 Realty Group LLC | Lina Shi RENE |
| SQ Feet | 16,800 |
|---|---|
| Units | 18 |
| Cooling | Electric |
|---|---|
| Heating | Electric |
| Construction Materials | Brick |
|---|
| Parking Features | None |
|---|
| Utilities | Electricity Available |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 1789 |
| Tax Lot | 0061 |
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10460 |
| Listing VS Median (in 10460) | |
Price: $5,990,000 low | high Med: $829,000 sqft: 16,800 low | high Med: 2,900 $ / sqft: $357 low | high Med: $286 On site: 96 low | high Med: 702 | |
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10460 |
| Listing VS Median (in 10460) | |
Price: $5,990,000 low | high Med: $829,000 sqft: 16,800 low | high Med: 2,900 $ / sqft: $357 low | high Med: $286 On site: 96 low | high Med: 702 | |
![]() | $1,950,0002431 Crotona AvenueBronx, NY 10458 |