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Renovated 8-Unit Apartment Building
New
For Sale
$2,800,000

1265 Elder Avenue, Bronx, NY 10472

MULTI_FAMILY - Bronx, NY

Property SizeContact for details
Lot Size0.06 Acres
Days on Market1

Property Features for 1265 Elder Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R6
Basement Finished
Appliances Electric Range, Electric Water Heater, Refrigerator
Subdivision Park Versailles-Bronx River
Elementary school district Bronx 12
Middle school district Bronx 12
High school district Bronx 12
Standard status Active
APN 03772-0040
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6993

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Electric, Ductless, Central Air
Water source Public

Building Details

Year built 1935
Number of units 8
Flooring type Hardwood
Building materials Brick
Listing Agency: Real Broker NY LLC
Listed By: Shpresa Camaj
Added: Aug 11 Last Checked: Aug 11 at 5:06PM
MLS# 1037411

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 legal 8-unit apartment building in the Bronx includes seven studio apartments and one one-bedroom apartment. The free-market units are fully occupied and have been renovated with updated finishes and building systems. Apartments use electric service, with tenants responsible for their own utilities. Heating and cooling are provided through mini-split systems, and each apartment has a dedicated hot water heater.

The brick building was constructed in 1935 and sits on a 0.0574-acre lot. Rear parking can be accessed through a shared driveway. The property has 8 water heaters and 9 electric meters, along with public water and public sewer service. Additional physical features include hardwood flooring, electric ranges, and refrigerators. The property is zoned R6 and is located on Elder Avenue in the Soundview/Parkchester area of the Bronx.

Key Highlights

  • Legal 8‑unit configuration with 7 studios and 1 one‑bedroom apartment
  • Fully renovated building with updated finishes and systems
  • All units are free‑market apartments and currently occupied

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

8
Residential units
100%
Occupancy

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
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully renovated, occupied free-market apartments with electric systems and rear parking access.
Where is this apartment building located?
The property is located at 1265 Elder Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Legal 8‑unit configuration with 7 studios and 1 one‑bedroom apartment; Fully renovated building with updated finishes and systems; All units are free‑market apartments and currently occupied
More about this property
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