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    1321 Purdy St, Unit The Bronx, NY 10462

    For Sale
    $2,250,000

    Income-producing, 4-story residential building with 8 apartments in excellent condition.

    Lot size:
    0.07 Acres

    Property Features for 1321 Purdy St

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    2004

    Source: Parkchester Bronx Realty, Inc. Agent Imad U. Ahmed

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

    Overview

    New Multifamily Building For Sale

    This is a 7,543 square foot, 4-story walk-up residential building for sale. It contains 8 apartments and 9 bathrooms. The building is equipped with a sprinkler system. There are 9 electrical meters, 8 gas meters, and 8 boilers. The first floor features a 2-bedroom duplex unit with 2 bathrooms and a 1-bedroom unit with a bathroom. Floors 2, 3, and 4 each contain two 2-bedroom units with 1 bathroom each. Each tenant is responsible for their own electrical, gas, heating, and hot water expenses. The property is located close to Bangla Bazar/Starling Avenue, Parkchester, Castel Hill #6 Subway, #22 Bus, Bronx Zoo, New York Botanical Garden, and Montefiore and Jacobi Health Center. It is an income-producing new building in excellent condition, suitable as an investment property.
    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
    -73.853215
    Latitude
    40.834699

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    FAQs

    What type of property is this?
    Apartment building - Income-producing, 4-story residential building with 8 apartments in excellent condition.
    Where is this apartment building located?
    The property is located at 1321 Purdy St, Unit The Bronx, NY.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Income-producing multi-family property with 8 apartments.; - New building (built in 2004) in excellent condition.; - Tenants pay their own electrical, gas, heating, and hot water.
    (929) 257-7527
    Request Owner's contact information
    1321 Purdy St, Unit The Bronx, NY 10462
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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
    1321 Purdy St, Unit The Bronx, NY 10462
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