1637 Nelson Ave The, Bronx, NY 10453
Six-unit multifamily building in the Morris Heights neighborhood of the Bronx.
- Added:
- Mar 11, 2026
- Days on Market:
- 118
- Last Refresh:
- Jul 2 at 11:14 am
Property Features for 1637 Nelson Ave The
General Information
- Standard status
- Active
- Size
- 3,969 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1911
Listing office (917) 837-7600
Listing date Mar 11, 2026
Source Elliman
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 Miriam Soto
HighLights
- Six family units offer significant investment potential.
- Convenient location with access to major transportation.
- Brick construction.
- Security system installed.
- Large rooms.
- Gross square footage of 3,969.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $176.2k | $44.40 |
| − Vacancy | −$7.9k | −$2.00 |
| EGI | $168.3k | $42.40 |
| − OpEx | −$75.7k | −$19.08 |
| NOI | $92.6k | $23.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.919
- Latitude
- 40.847
