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    1559 Jarvis Ave, Unit The Bronx, NY 10461

    For Sale
    $1,200,000

    Well-maintained 6-family building in Pelham Bay, Bronx.

    Lot size:
    0.08 Acres

    Property Features for 1559 Jarvis Ave

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1942

    Source: Christie's Int. Real Estate Agent Michael E. LaMorte

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

    Overview

    Pelham Bay Multifamily Investment Opportunity

    Located in the Pelham Bay neighborhood of the Bronx, this 3-level brick multi-family building presents an investment opportunity. The property features six units, each containing 2 bedrooms and 1 full bathroom. The units have hardwood flooring, layouts, and natural light. The building consists of three stories with two units per level, plus a full walk-out basement that can be used for storage. The property is located within walking distance to the 6 train, major highways, local shopping, and schools. This meticulously cared-for property is a turnkey opportunity with long-term value.
    Insight Report Location Intelligence

    Current Use by Public Records

    Distant SoulMates Dating Service

    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
    -73.828093
    Latitude
    40.843749

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 6-family building in Pelham Bay, Bronx.
    Where is this apartment building located?
    The property is located at 1559 Jarvis Ave, Unit The Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Prime investment opportunity with strong income potential in the highly sought-after Pelham Bay neighborhood.; - Well-maintained 6-family brick building featuring six spacious 2-bedroom units, each with 1 full bathroom.; - Excellent natural light and beautiful hardwood flooring throughout all units.
    (914) 855-3010
    Request Owner's contact information
    1559 Jarvis Ave, Unit The Bronx, NY 10461
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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
    1559 Jarvis Ave, Unit The Bronx, NY 10461
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