1845 Andrews Ave, Unit The Bronx, NY 10453
Five-family building with modern finishes and strong investment potential.
Lot size:
0.07 AcresProperty Features for 1845 Andrews Ave
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.07 Acres
Building Details
- Year built
- 1920
Source:
Elliman
Listing Agent: Jeffrie Pena
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Newly Developed University Heights Multifamily
Located in the University Heights corridor, 1845 Andrews Avenue is a newly developed five-family brick building. The property generates approximately $169K in gross income and an estimated $150K NOI, yielding a 6.3% cap rate. Each residence features custom finishes, including flint-grey cabinetry, stone breakfast bars, stainless steel appliances, and hardwood flooring. The layouts include spacious living rooms that flow into the kitchens, along with powder rooms. Bedrooms in each unit can accommodate full furniture sets. Heating and cooling are provided by wall units in each apartment. The building comprises two 3-bedroom units with 1.5 baths (one with private yard access), two 1-bedroom units (one with an in-unit washer and dryer and private outdoor space), and one 2-bedroom unit. Building amenities include on-site common laundry, storage, garage parking, and a security camera system. The building is pet-friendly, and tenants are responsible for their own utilities. Situated in Morris Heights/University Heights, the property is near playgrounds, supermarkets, restaurants, schools, and multiple transit options (4, B, D trains + Bx3/Bx18/Bx36). It also offers access to major roadways and the George Washington Bridge.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.914399
- Latitude
- 40.853288
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FAQs
What type of property is this?
Apartment building - Five-family building with modern finishes and strong investment potential.
Where is this apartment building located?
The property is located at 1845 Andrews Ave, Unit The Bronx, NY.
What is the asking price?
The asking price for this property is $2,299,999.
What are key features of this property?
This property features: - Strong investment opportunity with a 6.3% cap rate and estimated $150K NOI; - Newly developed five-family building with free-market status; - Modern, high-end finishes include stainless steel appliances, stone breakfast bars, and hardwood floors
