258 Soundview AveThe Bronx, NY 10473

This exceptional nine-unit apartment building at 258 Soundview Avenue in the Bronx, New York, presents a compelling investment opportunity. Boasting a stabilized investment profile with 100% occupancy, this property offers a strong return on investment. The building, constructed in 1931, comprises four stories and encompasses 9,000 square feet on a 2,775 square foot lot. The asking price is $1,199,000, translating to $133.22 per square foot. The current Net Operating Income (NOI) stands at $81,339, yielding a 6.78% capitalization rate. Each of the nine units contributes to the building's consistent performance. The property is zoned R3-2/C1-2, offering potential for future development or expansion. Its convenient location provides easy access to major transportation arteries, including the proximity to I-278 and I-95, enhancing its appeal to both residents and investors. The building is well-maintained, presenting a clean and attractive exterior and interior. This is a rare opportunity to acquire a stable, high-performing multifamily property in a desirable location.