258 Soundview Ave The Bronx, NY 10473

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.