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11-Unit Apartment Building
For Sale
$1,400,000

1215 Elder Avenue, Bronx, NY 10472

Commercial Sale, Bronx, NY

Property SizeContact for details
Lot Size0.09 Acres
Days on Market150

Property Features for 1215 Elder Avenue

General Information

Property type Commercial Sale
Property subtype Other
Parking features On Street
Standard status Active
APN 03772-0062
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 22166

Utilities

Sewer type Public Sewer
Heating system Oil
Cooling system Multi Units
Water source Public

Amenities

large rear yard
all new LED lighting
3 phase power
A/C

Building Details

Year built 1913
Floors in Building 5
Number of units 11
Building materials Brick, Frame
Listing Agency: All Island Estates Realty Corp
Listed By: Richard Matt Shane · License #10301216230
Added: Apr 1 Changed: Aug 20 Last Checked: Aug 28 at 9:06PM
MLS# 979599

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This five-story apartment property contains 11 three-bedroom residences within a brick and frame building constructed in 1913. Physical features include 9-foot ceilings, a large rear yard, all-new LED lighting, three-phase electrical service, oil heating, and multiple air-conditioning units. Public water and sewer serve the property, while parking is provided on the street. The parcel contains 0.0918 acres.

The building is located at 1215 Elder Avenue in the Bronx, near Westchester Avenue and between the Bronx River Parkway, I-95, I-278, and Sheridan Boulevard. The surrounding businesses include Chase Bank, CVS, Dunkin', CityMD, Shell, Extra Space Storage, and McDonald's. C4-2 (R6 Equivalent) zoning is in place.

Key Highlights

  • 11 three‑bedroom apartment units in a five‑story building
  • C4‑2 (R6 Equivalent) zoning on a 0.0918‑acre parcel
  • Brick and frame construction; built in 1913

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Dental Office Skin Care Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9 ft
Clear height
11
Residential units
Yes
Heavy power
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,619
Businesses Nearby

Demographics for 10472, NY

72,245
Population
24,259
Households
3
Avg Household Size
34
Median Age
14%
College-Educated
69%
High-School Grad
1.1 sq mi
ZIP Area
65,677
Density / Sq Mi
$43,125
Median Household Income
$35,180
Median Earnings
$1,445
Median Rent
$632,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-story residential property with C4-2 (R6 Equivalent) zoning, individual air-conditioning units, and public water and sewer.
Where is this apartment building located?
The property is located at 1215 Elder Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 11 three‑bedroom apartment units in a five‑story building; C4‑2 (R6 Equivalent) zoning on a 0.0918‑acre parcel; Brick and frame construction; built in 1913
More about this property
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