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    1219 Elder Ave, Unit The Bronx, NY 10472

    For Sale
    $1,650,000

    Five-story building with eleven apartments in the Soundview area.

    Lot size:
    0.09 Acres

    Property Features for 1219 Elder Ave

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1913

    Source: Exit Realty DKC Agent Kathleen P. Collins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Soundview Bronx Multifamily Investment

    Located in the Soundview area of the Bronx, this five-story building features eleven apartments. The unit mix includes ten 3-bedroom apartments and two 1-bedroom apartments on the lower level. The building has been updated and maintained. Copper pipes have been installed, and the windows were reframed and insulated approximately five years ago. A camera system was installed in the building in 2022. Each apartment is equipped with its own circuit breaker, with the main breaker located in the basement. All tenants pay their own gas and electric bills. This property is positioned as an investment opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.879608
    Latitude
    40.829337

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    FAQs

    What type of property is this?
    Apartment building - Five-story building with eleven apartments in the Soundview area.
    Where is this apartment building located?
    The property is located at 1219 Elder Ave, Unit The Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Eleven apartments: Featuring ten 3-bedroom and two 1-bedroom units.; - Updated infrastructure: Benefit from copper pipes and reframed/insulated windows installed 5 years ago.; - Security system: Camera system installed in 2022 enhances safety.
    (718) 664-5134
    Request Owner's contact information
    1219 Elder Ave, Unit The Bronx, NY 10472
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1219 Elder Ave, Unit The Bronx, NY 10472
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