For Sale
$1,150,000

1694 Banyer PlThe Bronx, NY 10473

Six-unit apartment building, 7% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional six-unit apartment building at 1694 Banyer Place in the Bronx, NY, presents a compelling investment opportunity. Built in 2004, this all-brick and cement masonry structure boasts 4,500 square feet on a 0.05-acre lot. The property is in excellent condition, featuring recently updated units and a new roof. Each of the six apartments benefits from individual gas and electric meters, separate boilers, and new hot water heaters, ensuring efficient utility management and potential for increased rental income. Finished walk-out basements provide additional space for residents. The property also includes a driveway easement and a fenced backyard, enhancing both convenience and security. Its strategic location offers easy access to major highways, public transportation, and a variety of retail stores, making it highly attractive to tenants. The building's strong cash flow, coupled with a 7.00% cap rate, makes this a truly remarkable investment prospect in a thriving New York City borough. The property is classified as a Class B multifamily building and is situated in the 10473 zip code.

Highlights

  • Six-unit apartment building in excellent condition, built in 2004.
  • 4,500 square feet on a 0.05-acre lot in the Bronx, NY (10473).
  • All-brick and cement masonry construction with a new roof.
  • Each unit features individual gas and electric meters, separate boilers, and new hot water heaters.
  • Finished walk-out basements, driveway easement, and fenced backyard.
  • Class B multifamily property with a 7.00% cap rate and strong cash flow.

Property Details for 1694 Banyer Pl

Property type
Apartment buildings
Square Feet
4,500 SF
Class
B
Year Built
2004
Lot Size (sq. ft)
2,178 SF
Units
6

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.823988
Longitude
-73.8696149
1694 Banyer Pl, The Bronx, New York

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1694 Banyer Pl
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