2543 Bronxwood AveThe Bronx, NY 10469

Property Details for 2543 Bronxwood Ave

Year built

2008

Lot size

0.05 AC

Property size (Sq ft)

6,143 SF

Zone code

R6

Property type

Apartment buildings

APN

04441-0052

APU

44410052

Description

This exceptional multi-family property at 2543 Bronxwood Avenue in the Bronx, New York, presents a compelling investment opportunity. The building encompasses a substantial 8,483 square feet and sits on a 0.07-acre lot. Currently fully occupied, this four-story walk-up building offers a diverse mix of sixteen rental units, providing a stable income stream. The unit breakdown includes one studio apartment, eight one-bedroom units, and seven two-bedroom units, catering to a broad range of tenants. The building is described as being in excellent condition, a testament to its well-maintained structure and the responsible management practices employed. The consistent occupancy rate speaks volumes about the property's desirability and the quality of the tenant base. The asking price for this turnkey investment is $3,250,000. This represents a significant opportunity for investors seeking a strong return on investment in a thriving urban market. The property's location in the Bronx offers easy access to various amenities and transportation options, further enhancing its appeal to both tenants and investors. This is a rare chance to acquire a well-maintained, high-occupancy multi-family building with significant potential for future growth and appreciation. The strong tenant base and excellent condition make this a low-risk, high-reward investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,259,370

  6.5%

  $1,162,496

  7%

  $1,079,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,244,099

  Geo Method

  $1,244,099

• Alternative Use

  Use

  Valuation

  Residential

  $1,162,496

  Hospitality

  $1,064,840

  Educational

  $885,934

  Medical

  $916,403

  Retail

  $1,378,120

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8645

Longitude

-73.8619

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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