5-Story Multifamily Apartment
1215 Elder Avenue Bronx, NY 10472
1215 Elder Avenue, Bronx, NY, 10472
$1,500,000
For Sale
$1,500,000
MULTI_FAMILY - Bronx, NY
Lot Size0.09 Acres
Days on Market107
Property Features for 1215 Elder Avenue
General Information
- Property type
- Residential Multi Family
- 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
Building Details
- Year built
- 1913
- Floors in Building
- 5
- Number of units
- 11
- Building materials
- Brick, Frame
Listing Agency
All Island Estates Realty Corp
(516) 783-5600
3242 Railroad Ave, Wantagh, NY
Listed by
Richard Matt Shane · License #10301216230
(516) 279-8828
Added: Apr 1 Checked: Jul 16 at 9:06 pm
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 11-unit, five-story apartment building offers high 9-foot ceilings and apartment layouts comprised of (11) three-bedroom units. Improvements and systems listed include all-new LED lighting, three-phase power, and air conditioning. The building also features a large rear yard. Zoning is identified as C4-2 (R6-equivalent).
The property is located in Park Versailles, just off Westchester Avenue, and is described as situated between the Bronx River Parkway, I-95, I-278, and Sheridan Boulevard. The remarks list nearby area businesses and services including major banks and retailers.
Annual gross income is reported at $266,388 with total expenses of $76,349.65, resulting in a reported NOI of $190,038.35 using a stated 12.67 cap rate. Lease expirations for the individual units are provided in the offering materials, with dates ranging from 2026 through 2027.
The property is located in Park Versailles, just off Westchester Avenue, and is described as situated between the Bronx River Parkway, I-95, I-278, and Sheridan Boulevard. The remarks list nearby area businesses and services including major banks and retailers.
Annual gross income is reported at $266,388 with total expenses of $76,349.65, resulting in a reported NOI of $190,038.35 using a stated 12.67 cap rate. Lease expirations for the individual units are provided in the offering materials, with dates ranging from 2026 through 2027.
Key Highlights
- 11‑unit Bronx apartment building with (11) 3BR apartments in a 5‑story structure (built 1913)
- C4‑2 (R6 equivalent) zoning; large rear yard; on‑street parking
- Gross income of $266,388/year with NOI of $190,038.35/year (12.67 cap) based on provided figures
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 11-unit, five-story Bronx apartment building with 9-foot ceilings and C4-2 (R6-equivalent) zoning.
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 $1,500,000.
What are key features of this property?
This property features: 11‑unit Bronx apartment building with (11) 3BR apartments in a 5‑story structure (built 1913); C4‑2 (R6 equivalent) zoning; large rear yard; on‑street parking; Gross income of $266,388/year with NOI of $190,038.35/year (12.67 cap) based on provided figures
