Five-Building Apartment
For Sale
Contact for pricing
Pending
1048 Sheridan Ave The, Bronx, NY 10456
Lead-free buildings with new building systems and a J51 tax abatement extending through 2026.
Property Size99,340 SF
Days on Market144
Property Features for 1048 Sheridan Ave The
General Information
Standard status
Pending
Size
99,340 SF
Property subtype
Multifamily
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
98
Building Details
Buildings
5
Listing Agency:
Newmark - New York Headquarters
Listed By:
Eric Roth · License #NY
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Sep 1 at 12:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark - New York Headquarters
Investment Insights
Based on property information with market context.
The offering includes five contiguous apartment buildings totaling approximately 99,340 square feet and 98 residential units, with 249 feet of frontage along Sheridan Avenue. Recent property improvements include new gas boilers, water pumps, roof vents, and entrance intercom systems. Three buildings also contain newly created basement apartments. The properties were substantially rehabilitated in the early 1990s and are lead-free.
Located at 1048-1064 Sheridan Avenue between East 165th Street and East 166th Street, the portfolio is a 10-minute walk from Yankee Stadium and near the 161st Yankee Stadium subway stop. The 168th Street stations provide access to the 4, B, and D trains. Joyce Kilmer Park, Rev. T. Wendell Foster Park, and Mott’s Playground are also nearby. A J51 tax abatement remains in place through 2026, with future options that include unit deregulation upon turnover or participation in an affordable housing program such as Article XI.
Located at 1048-1064 Sheridan Avenue between East 165th Street and East 166th Street, the portfolio is a 10-minute walk from Yankee Stadium and near the 161st Yankee Stadium subway stop. The 168th Street stations provide access to the 4, B, and D trains. Joyce Kilmer Park, Rev. T. Wendell Foster Park, and Mott’s Playground are also nearby. A J51 tax abatement remains in place through 2026, with future options that include unit deregulation upon turnover or participation in an affordable housing program such as Article XI.
Key Highlights
- 98 residential units across five contiguous apartment buildings
- Approximately 99,340 square feet with 249 feet of Sheridan Avenue frontage
- New gas boilers, water pumps, roof vents, and entrance intercom systems
Property Analytics
Property Profile
Current Use
Lease Details
98
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,286
Businesses Nearby
Explore this area
Business Placement
Demographics for 10456, NY
93,412
Population
33,321
Households
2.8
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
1.1 sq mi
ZIP Area
84,920
Density / Sq Mi
$35,676
Median Household Income
$30,340
Median Earnings
$1,194
Median Rent
$428,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Lead-free buildings with new building systems and a J51 tax abatement extending through 2026.
Where is this apartment building located?
The property is located at 1048 Sheridan Ave The Bronx, NY.
What are key features of this property?
This property features: 98 residential units across five contiguous apartment buildings; Approximately 99,340 square feet with 249 feet of Sheridan Avenue frontage; New gas boilers, water pumps, roof vents, and entrance intercom systems
