1953 Gildersleeve AveThe Bronx, NY 10473

Property Details for 1953 Gildersleeve Ave

Year built

1920

Lot size

0.07 AC

Property size (Sq ft)

2,400 SF

Zone code

R3A

Property type

Residential income properties

Property subtype

Residential income homes

APN

03457-0004

APU

34570004

Description

This charming, fully renovated two-story apartment building presents a compelling investment opportunity in the Bronx, NY. Located at 1953 Gildersleeve Ave, 10473, this 1920-built property underwent a complete transformation in 2020. The exterior boasts new vinyl siding, enhancing curb appeal. All windows and doors have been replaced, and beautiful new wood floors grace the interiors. Significant upgrades include completely updated electrical and plumbing systems, along with remodeled kitchens and bathrooms in each unit. The building comprises three apartments: a spacious first-floor unit featuring three bedrooms, one full bathroom, a kitchen, and a living room (5.5 rooms total), plus a renovated front porch; a second-floor unit (2A) with 1.5 bedrooms, a full bathroom, kitchen, and living room; and a smaller second-floor unit (2B) with one bedroom. Each apartment benefits from separate gas meters and heaters, simplifying utility management. Parking is readily available with three spaces – two in front and one to the side. The property sits on a 2,549 square foot lot and is priced at $969,000, representing a per-unit cost of $323,000. This meticulously updated multifamily property offers a blend of modern amenities and classic charm, making it an attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $492,022

  6.5%

  $454,174

  7%

  $421,733

• Comparable approach

  Method

  Valuation

  Relative Method

  $486,055

  Geo Method

  $486,055

• Alternative Use

  Use

  Valuation

  Residential

  $454,174

  Hospitality

  $416,021

  Educational

  $346,124

  Medical

  $358,028

  Retail

  $538,416

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8098

Longitude

-73.8537

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].