For Sale
$1,199,000

258 Soundview AveThe Bronx, NY 10473

Nine-unit Bronx apartment building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a well-maintained, nine-unit apartment building located at 258 Soundview Avenue in the Bronx, New York, 10473. Built in 1931, this four-story building boasts a substantial 9,000 square feet of living space situated on a generous 2.775-acre lot. The property currently generates a strong Net Operating Income (NOI) of $81,339.80, translating to an attractive 6.78% capitalization rate at an asking price of $1,199,000. The building's zoning is designated R3-2/C1-2, offering potential for future development or expansion. With nine units currently in place, this property provides a solid foundation for immediate cash flow and long-term appreciation. Its convenient location offers easy access to major transportation arteries, including the proximity to I-278 and I-95, enhancing its appeal to a wide range of tenants. This is a rare chance to acquire a well-positioned multifamily asset in a thriving New York City borough. The property's strong financials and strategic location make it an ideal addition to any investor's portfolio. Serious inquiries are encouraged.

Highlights

  • Nine-unit multifamily building, four stories, built in 1931.
  • Excellent location near I-278 and I-95.

Property Details for 258 Soundview Ave

Property type
Apartment buildings
Square Feet
9,000 SF
Year Built
1931
Stories
4
Lot Size (sq. ft)
120,879,000 SF
Units
9

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.8109879
Longitude
-73.8552798
258 Soundview Ave, The Bronx, New York

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258 Soundview Ave
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