3194 Webster AveThe Bronx, NY 10467

Property Details for 3194 Webster Ave

Year built

1920

Lot size

0.05 AC

Property size (Sq ft)

4,350 SF

Zone code

R7D

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

03357-0060

APU

33570060

Description

This exceptional 7-unit mixed-use building in the Bronx, NY, presents a compelling investment opportunity. Priced at $1,800,000, this fully leased property boasts a substantial Net Operating Income (NOI) of $117,281, translating to a 6.52% cap rate. The 4,350 square foot building, constructed in 1920, sits on a 0.048-acre lot and features three stories. The property includes five residential units – three two-bedroom and two one-bedroom apartments – all featuring premium finishes such as refinished hardwood floors, granite countertops, stainless steel appliances, and updated bathrooms. Two commercial units, currently leased to a business center, are situated in an electric-gated storefront with flexible configuration options. A finished basement with ample storage and a private fenced backyard adds significant value. The building benefits from recently upgraded plumbing and electrical systems. The property is zoned R7D, C2-4, and its prime location on Webster Avenue ensures high traffic visibility. This turn-key investment offers immediate income and strong potential for future growth. The APN is 03357-0060.

• CAP approach

  CAP return

  Valuation

  6%

  $891,789

  6.5%

  $823,190

  7%

  $764,391

• Comparable approach

  Method

  Valuation

  Relative Method

  $880,975

  Geo Method

  $880,975

• Alternative Use

  Use

  Valuation

  Residential

  $823,190

  Hospitality

  $754,038

  Educational

  $627,351

  Medical

  $648,926

  Retail

  $975,879

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8733

Longitude

-73.8743

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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