9-Unit Apartment Building with 2BR
For Sale
Contact for pricing
Pending
611 E 179th St The, Bronx, NY 10457
Four-story, 9-unit multifamily building with a separate freestanding 2BR house, 6 parking spaces, and recent capital updates.
Days on Market112
Property Features for 611 E 179th St The
General Information
Standard status
Pending
Total Parking Spaces
6
Property subtype
Mixed Use
Occupancy
100%
Additional Details
Cap Rate
9.1%
Highway Access
Yes
Heavy Power
Yes
Multifamily Units
9
Amenities
security system
central air conditioning
skylight
Building Details
Stories
4
Tenancy
Multi
Listing Agency:
All Island Estates Realty Corporation
Listed By:
Matthew Shane · License #NY 10311207810
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 30 at 9:13AM
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 Corporation
Investment Insights
Based on property information with market context.
This 9-unit apartment building is configured across four stories and includes a separate, freestanding 2BR house. The property offers 6 parking spaces and features multiple recent improvements, including a new roof, new electric service and meters, new 2,000-gallon oil tank, skylight, security cameras and system, and all-new LED lighting. The building also includes Cac and 3-phase power, plus a finished basement described as 2,000 square feet.
The property is located in the heart of the Bronx and is described as minutes from I-95. The surrounding area includes retailers and services such as Chase Bank, Dunkin, 7-Eleven, Extra Space Storage, BP Gas, Sunoco, Shell, McDonald’s, Blink Fitness, White Castle, Family Dollar, and KFC.
Income and operating figures are provided in the listing for a 100% occupied pro forma, including total gross income of $261,768 annually and an indicated NOI of $227,463.08 annually, after oil, electric (common areas), maintenance and repairs, water and sewer, insurance, and taxes.
The property is located in the heart of the Bronx and is described as minutes from I-95. The surrounding area includes retailers and services such as Chase Bank, Dunkin, 7-Eleven, Extra Space Storage, BP Gas, Sunoco, Shell, McDonald’s, Blink Fitness, White Castle, Family Dollar, and KFC.
Income and operating figures are provided in the listing for a 100% occupied pro forma, including total gross income of $261,768 annually and an indicated NOI of $227,463.08 annually, after oil, electric (common areas), maintenance and repairs, water and sewer, insurance, and taxes.
Key Highlights
- 100% occupied 9‑unit, four‑story multifamily building plus a separate freestanding 2BR house
- Recent capital updates include new roof, new electric service & meters, and a new 2,000‑gallon oil tank
- On‑site features: 6 parking spaces, skylight, all‑new LED lighting, 3‑phase power, and security cameras & system
Property Analytics
Current Use
Lease Details
9
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,930
Businesses Nearby
Explore this area
Business Placement
Demographics for 10457, NY
77,488
Population
27,795
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
1.3 sq mi
ZIP Area
59,606
Density / Sq Mi
$44,911
Median Household Income
$30,564
Median Earnings
$1,400
Median Rent
$336,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-story, 9-unit multifamily building with a separate freestanding 2BR house, 6 parking spaces, and recent capital updates.
Where is this apartment building located?
The property is located at 611 E 179th St The Bronx, NY.
What are key features of this property?
This property features: 100% occupied 9‑unit, four‑story multifamily building plus a separate freestanding 2BR house; Recent capital updates include new roof, new electric service & meters, and a new 2,000‑gallon oil tank; On‑site features: 6 parking spaces, skylight, all‑new LED lighting, 3‑phase power, and security cameras & system
