2114 Daly AveThe Bronx, NY 10460

Property Details for 2114 Daly Ave

Year built

1911

Lot size

0.12 AC

Property size (Sq ft)

21,355 SF

Zone code

R7-1

Property type

Apartment buildings

APN

03128-0005

APU

31280005

Description

This five-story, 21,355 square foot apartment building at 2114 Daly Avenue in the Bronx, NY (zip code 10460) presents a compelling investment opportunity. Built in 1911, the property boasts 28 units, four of which are currently vacant, offering potential for increased revenue. Situated on a 43 ft x 121 ft lot, the building is conveniently located between East 180th and East 181st Streets in West Farms, within walking distance of the 2 and 5 subway lines. The property's zoning is R7-1. With a Net Operating Income (NOI) of $347,971 and an attractive 9.40% capitalization rate, this multifamily asset offers significant potential for strong returns. The asking price is $3,700,000. The building dimensions are approximately 43 ft x 100 ft. This is a rare opportunity to acquire a well-located multifamily property in a rapidly developing area of the Bronx.

• CAP approach

  CAP return

  Valuation

  6%

  $4,377,968

  6.5%

  $4,041,201

  7%

  $3,752,544

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,324,878

  Geo Method

  $4,324,878

• Alternative Use

  Use

  Valuation

  Residential

  $4,041,201

  Hospitality

  $3,701,718

  Educational

  $3,079,786

  Medical

  $3,185,705

  Retail

  $4,790,779

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8449

Longitude

-73.8811

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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