2089 Webster AveThe Bronx, NY 10457

Property Details for 2089 Webster Ave

Year built

1910

Lot size

0.06 AC

Property size (Sq ft)

8,681 SF

Zone code

R7-1

Property type

Apartment buildings

APN

03143-0128

APU

31430128

Description

This exceptional investment opportunity presents a well-maintained, nine-unit apartment building located at 2089 Webster Ave, Bronx, NY 10457. The property, built in 1910, boasts a total of 8,681 square feet situated on a 2,686 square foot lot and is zoned R7. The building comprises five stories and features a mix of seven three-bedroom units and two two-bedroom units, all currently occupied at 100% occupancy. This stabilized multifamily property offers a compelling investment profile with a Net Operating Income (NOI) of $83,855, resulting in a 5.59% capitalization rate. The asking price is $1,500,000, translating to $172.79 per square foot and $166,667 per unit. The brick construction ensures durability and classic appeal. This property represents a strong cash-flowing investment in a desirable Bronx location, offering significant potential for future appreciation. The building's solid occupancy rate and rent-stabilized units provide a stable income stream, making it an attractive option for seasoned investors seeking a reliable return on investment. The property's location in Bronx County offers easy access to various amenities and transportation options. This is a rare opportunity to acquire a well-performing multifamily asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,779,684

  6.5%

  $1,642,785

  7%

  $1,525,443

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,758,102

  Geo Method

  $1,758,102

• Alternative Use

  Use

  Valuation

  Residential

  $1,642,785

  Hospitality

  $1,504,782

  Educational

  $1,251,961

  Medical

  $1,295,018

  Retail

  $1,947,495

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8523

Longitude

-73.8985

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].