25-Unit Walk-Up Apartment
1090 University Ave The Bronx, NY 10452
For Sale
Contact for pricing
Pending
Fully occupied 25-unit walk-up with 1BR and 2BR apartments across five stories.
Property Size24,225 SF
Days on Market105
Property Features for 1090 University Ave The
General Information
- Standard status
- Pending
- Size
- 24,225 SF
- Property subtype
- Multifamily
Listing Agency:
Christine Z
Listed By:
Christine Z · License #10401364491
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 7:42AM
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 Christine Z
Investment Insights
Based on property information with market context.
This fully occupied 25-unit walk-up apartment building is configured as a five-story property totaling 24,225 square feet. The unit mix includes 10 one-bedroom apartments and 15 two-bedroom, one-bath units.
Ownership reports a substantial renovation program, including 4 brand new units and upgrades to bathrooms and kitchens across 10 units in 2021–2022. Capital improvements cited include camera installation, a boiler/dual fuel burner, electrical panel upgrades, pipe upgrades, hallway/common area updates, roof and facade work.
The property is described as rent stabilized, with long-term hold characteristics. It notes a City RGB approved 5% increase for a two-year lease in 2022/2023 and references potential eligibility for MCI application for additional rent growth. Location is stated as being near public transportation and major highways, with nearby access points including Yankee Stadium and Mullaly Park.
Ownership reports a substantial renovation program, including 4 brand new units and upgrades to bathrooms and kitchens across 10 units in 2021–2022. Capital improvements cited include camera installation, a boiler/dual fuel burner, electrical panel upgrades, pipe upgrades, hallway/common area updates, roof and facade work.
The property is described as rent stabilized, with long-term hold characteristics. It notes a City RGB approved 5% increase for a two-year lease in 2022/2023 and references potential eligibility for MCI application for additional rent growth. Location is stated as being near public transportation and major highways, with nearby access points including Yankee Stadium and Mullaly Park.
Key Highlights
- Fully occupied 25‑unit, 5‑story walk‑up in the High Bridge section of the South Bronx
- 24,225 sqft building with 15 two‑bedroom/1‑bath and 10 one‑bedroom apartments
- Asking $3,800,000 ($152,000/unit) with current rents listed at $916/mo for 1BR and $956/mo for 2BR
Property Analytics
Location Intelligence
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Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully occupied 25-unit walk-up with 1BR and 2BR apartments across five stories.
Where is this apartment building located?
The property is located at 1090 University Ave The Bronx, NY.
What are key features of this property?
This property features: Fully occupied 25‑unit, 5‑story walk‑up in the High Bridge section of the South Bronx; 24,225 sqft building with 15 two‑bedroom/1‑bath and 10 one‑bedroom apartments; Asking $3,800,000 ($152,000/unit) with current rents listed at $916/mo for 1BR and $956/mo for 2BR
