11-Unit Apartment
For Sale
$1,500,000
1209 Elder Ave The, Bronx, NY 10472
Five-story multifamily property with three-bedroom apartments, a rear yard, updated LED lighting, and air conditioning.
Property Size13,200 SF
Days on Market41
Property Features for 1209 Elder Ave The
General Information
Standard status
Active
Size
13,200 SF
Property subtype
Commercial
Zoning
C4-2 (R6 Equivalent)
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
11 x 3BR
Multifamily Units
11
Additional Details
Cap Rate
11.56%
Taxes and HOA fees
Annual Taxes
$32,129
Amenities
LED lighting
3 phase power
air conditioning
rear yard
Building Details
Building Size
13,200 SF
Year Built
1913
Buildings
1
Stories
5
Units
12
Listing Agency:
All Island Estates Realty Corp
(516) 279-8828
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Source:
Elliman
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 29 at 3:38PM
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 Corp
Investment Insights
Based on property information with market context.
This five-story apartment building contains 11 three-bedroom apartments and was built in 1913. The property includes a large rear yard, high 9-foot ceilings, air conditioning, new LED lighting, and three-phase power. Exterior signage and visibility are also noted among the building features.
Located at 1209 Elder Ave in The Bronx, the property is just off Westchester Avenue and near the Bronx River Parkway, I-95, I-278, and Sheridan Boulevard. The surrounding commercial setting includes banks, telecommunications stores, self-storage facilities, pharmacies, restaurants, gas stations, and other retailers. The property carries C4-2 zoning, identified in the source information as equivalent to R6 zoning, and is reported with an 11.56 cap rate.
Located at 1209 Elder Ave in The Bronx, the property is just off Westchester Avenue and near the Bronx River Parkway, I-95, I-278, and Sheridan Boulevard. The surrounding commercial setting includes banks, telecommunications stores, self-storage facilities, pharmacies, restaurants, gas stations, and other retailers. The property carries C4-2 zoning, identified in the source information as equivalent to R6 zoning, and is reported with an 11.56 cap rate.
Key Highlights
- 11‑unit apartment building with 11 three‑bedroom apartments
- Five‑story building constructed in 1913 with 9‑foot ceilings
- C4‑2 zoning, identified as equivalent to R6 zoning
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,474
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-story multifamily property with three-bedroom apartments, a rear yard, updated LED lighting, and air conditioning.
Where is this apartment building located?
The property is located at 1209 Elder Ave The 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 apartment building with 11 three‑bedroom apartments; Five‑story building constructed in 1913 with 9‑foot ceilings; C4‑2 zoning, identified as equivalent to R6 zoning
