For Sale
$899,000

2418 Maclay AveThe Bronx, NY 10461

Three-unit Bronx apartment building, great investment.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
124
This three-unit apartment building, located at 2418 Maclay Ave in the Bronx, NY 10461, presents a compelling investment opportunity. Built in 1963, this Class C property boasts a total of 2,680 square feet situated on a 2,000 square foot lot. The building features three units, currently operating at 100% occupancy, generating a Net Operating Income (NOI) of $53,102 and a 5.91% capitalization rate. The asking price is $899,000, translating to $299,667 per unit and $335.45 per square foot. The property includes two parking spaces, a garage, and a fenced lot. Unit features vary, with some including updated kitchens with quartz countertops, updated bathrooms, hardwood and ceramic tile floors, and walk-in foyers. One unit offers interior garage access and a walk-out to a backyard patio. The building benefits from a new gas furnace and hot water heater, and a new roof. Its R6 zoning and proximity to public transportation and retail stores further enhance its appeal. This multifamily home is situated in the Westchester Village section of the Bronx.

Highlights

  • Three-unit apartment building in the Bronx, NY.
  • 2,680 square feet on a 2,000 square foot lot.
  • 100% occupancy, generating $53,102 NOI and a 5.91% cap rate.
  • Asking price: $899,000.
  • Features include a new gas furnace, hot water heater, and roof; garage; driveway parking; and fenced lot.

Property Details for 2418 Maclay Ave

Property type
Apartment buildings
Square Feet
2,680 SF
Class
C
Year Built
1963
Buildings
1
Stories
3
Units
3

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.8402041
Longitude
-73.8503552
2418 Maclay Ave, The Bronx, New York

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FAQs

What type of property is this?
Apartment building - Three-unit Bronx apartment building, great investment.
Where is the apartment building located?
The property is located at 2418 Maclay Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three-unit apartment building in the Bronx, NY.; 2,680 square feet on a 2,000 square foot lot.; 100% occupancy, generating $53,102 NOI and a 5.91% cap rate.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Joe Cosentino
Joe Cosentino
Visit Broker Website

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Maclay Ave
The Bronx, NY 10461

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The Bronx, NY 10461

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2418 Maclay Ave
  • Joe Cosentino
    Joe Cosentino
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