Morris Heights Multifamily Investment
For Sale
$2,799,999
1667 Nelson Ave The, Bronx, NY 10453
Six-unit apartment building in the Bronx with high transit access.
Property Size11,375 SF
Days on Market133
Property Features for 1667 Nelson Ave The
General Information
Standard status
Active
Size
11,375 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$18,353
Building Details
Building Size
11,375 SF
Year Built
1913
Units
13
Listing Agency:
(347) 665-7580
Listed By:
Sarwor Khan CBR
(347) 665-7580
Source:
Elliman
Added: Apr 4
Changed: Aug 8
Last Checked: Aug 13 at 10:39AM
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 Sarwor Khan CBR
Investment Insights
Based on property information with market context.
This six-family mid-rise apartment building is located in Morris Heights in the Bronx. The well-kept building features a variety of unit configurations, including two-bedroom and one-bedroom units on the ground floor, two four-bedroom/one-bathroom units on the first floor, one four-bedroom and two two-bedroom units on the second floor, one four-bedroom and two two-bedroom units on the third floor, and one four-bedroom and two two-bedroom units on the fourth floor. The annual rental income is approximately $234,000. The property is tenant-occupied with no leases in place, and it is possible to deliver the building vacant. The building has separate meters, and tenants are responsible for their own utilities. The location is near buses and a 7-minute walk to train stations. It is also close to the Harlem River, shops, a mall, a playground, and a library. The property has a walk score of 86, indicating it is very walkable, and a transit score of 100, indicating it is a rider's paradise. The bike score is 36, indicating it is somewhat bikeable.
Key Highlights
- High Annual Rental Income: Approximately $234,000.
- Potential for Vacant Possession: Possible to deliver the building vacant.
- Excellent Transit Score: A "Rider's Paradise" with a score of 100.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,771
Businesses Nearby
Explore this area
Business Placement
Demographics for 10453, NY
81,951
Population
28,801
Households
2.8
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
0.9 sq mi
ZIP Area
91,057
Density / Sq Mi
$35,482
Median Household Income
$30,097
Median Earnings
$1,393
Median Rent
$580,100
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 - Six-unit apartment building in the Bronx with high transit access.
Where is this apartment building located?
The property is located at 1667 Nelson Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $2,799,999.
What are key features of this property?
This property features: High Annual Rental Income: Approximately $234,000.; Potential for Vacant Possession: Possible to deliver the building vacant.; Excellent Transit Score: A "Rider's Paradise" with a score of 100.
