945 Bruckner Blvd The Bronx, NY 10459

This exceptional investment opportunity presents a well-maintained, 21-unit apartment building situated at 945 Bruckner Boulevard in the Bronx, New York, 10459. The property boasts a total of 14,430 square feet and sits on a 4,000 square foot lot (40ft x 100ft, Block 2735, Lot 45). Currently configured as a rent-stabilized building, it comprises twenty-one two-bedroom units, offering a strong foundation for consistent cash flow. The asking price is $1,900,000, translating to approximately $131.67 per square foot and $90,476.19 per unit. The property's pro-forma net operating income (NOI) is $150,000, resulting in a compelling pro-forma capitalization rate of 7.89%. The building is a five-story walk-up structure. The permitted zoning is R7-1. Note that the operating income does not include potential rental income from two additional units. This presents a significant value-add opportunity for a savvy investor. This stabilized multifamily property offers a rare chance to acquire a substantial asset in a desirable Bronx location with significant upside potential. The property's strong financials and location make it an attractive investment for both seasoned and emerging real estate investors.