11-Unit Apartment Building with Rear
For Sale
$1,500,000
1215 Elder Ave The, Bronx, NY 10472
Five-story multifamily property with C4-2 zoning, upgraded lighting, air conditioning, and three-phase power.
Property Size16,200 SF
Days on Market41
Property Features for 1215 Elder Ave The
General Information
Standard status
Active
Size
16,200 SF
Property subtype
Commercial
Zoning
C4-2
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
11 x 3BR
Multifamily Units
11
Additional Details
Cap Rate
12.67%
Taxes and HOA fees
Annual Taxes
$22,166
Amenities
high ceilings
LED lighting
3 phase power
A/C
large rear yard
Building Details
Building Size
16,200 SF
Year Built
1913
Buildings
1
Stories
5
Units
11
Listing Agency:
All Island Estates Realty Corp
(516) 279-8828
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Source:
Elliman
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 29 at 3:37PM
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 All Island Estates Realty Corp
Investment Insights
Based on property information with market context.
Located at 1215 Elder Ave in The Bronx, this five-story apartment building contains 11 three-bedroom apartments and sits on a parcel zoned C4-2, described as equivalent to R6. The property includes a large rear yard, 9-foot ceilings, air conditioning, three-phase power, and newly installed LED lighting. Signage and exposure are also identified as property features.
The building is near Westchester Avenue and is situated between the Bronx River Parkway, I-95, I-278, and Sheridan Boulevard. Area businesses and services include Chase Bank, Bank of America, Verizon, T-Mobile, AT&T, CVS, CityMD, Dunkin’, Shell, BP, Foot Locker, and multiple food-service operators. Walk Score is 80, Bike Score is 74, and Transit Score is 100.
The property was built in 1913 and carries a stated 12.67 cap rate. Its apartment configuration, zoning, rear yard, and existing building infrastructure provide a range of documented physical and operational characteristics for review.
The building is near Westchester Avenue and is situated between the Bronx River Parkway, I-95, I-278, and Sheridan Boulevard. Area businesses and services include Chase Bank, Bank of America, Verizon, T-Mobile, AT&T, CVS, CityMD, Dunkin’, Shell, BP, Foot Locker, and multiple food-service operators. Walk Score is 80, Bike Score is 74, and Transit Score is 100.
The property was built in 1913 and carries a stated 12.67 cap rate. Its apartment configuration, zoning, rear yard, and existing building infrastructure provide a range of documented physical and operational characteristics for review.
Key Highlights
- 11‑unit building with 11 three‑bedroom apartments
- C4‑2 zoning, described as equivalent to R6
- Five‑story building with 9‑foot ceilings
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,619
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-story multifamily property with C4-2 zoning, upgraded lighting, air conditioning, and three-phase power.
Where is this apartment building located?
The property is located at 1215 Elder Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 11‑unit building with 11 three‑bedroom apartments; C4‑2 zoning, described as equivalent to R6; Five‑story building with 9‑foot ceilings
