941 Croes AveThe Bronx, NY 10473

Property Details for 941 Croes Ave

Year built

2004

Lot size

0.06 AC

Property size (Sq ft)

5,250 SF

Zone code

R6

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

03660-0028

APU

36600028

Description

This exceptional 7-unit apartment building, located at 941 Croes Ave in the Bronx, NY 10473, presents a compelling investment opportunity. Built in 2004, this well-maintained Class B property boasts 5,250 square feet on a 0.06-acre lot. The all-brick and cement masonry construction ensures durability and curb appeal. Each of the seven units features individually metered gas and electric, separate boilers, and new hot water heaters, maximizing efficiency and tenant satisfaction. Finished walk-out basements provide additional space, while a driveway easement and fenced backyard enhance the property's appeal. The building's strategic location offers convenient access to major highways, public transportation, and nearby retail stores. The asking price is $1,200,000, representing a 7.00% cap rate. This multifamily property is an ideal addition to any investment portfolio, offering strong potential for rental income and appreciation. The property's solid construction, updated features, and desirable location combine to create a truly attractive investment opportunity. Don't miss this chance to acquire a well-maintained, income-producing asset in a thriving Bronx neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,076,298

  6.5%

  $993,505

  7%

  $922,541

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,063,246

  Geo Method

  $1,063,246

• Alternative Use

  Use

  Valuation

  Residential

  $993,505

  Hospitality

  $910,046

  Educational

  $757,147

  Medical

  $783,187

  Retail

  $1,177,784

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8237

Longitude

-73.8696

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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