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Five-Family Apartment Building

1845 Andrews Ave, Bronx, NY 10453

For Sale
$2,299,999

Five residential units feature custom finishes, hardwood flooring, and wall-mounted heating and cooling.

Property SizeContact for details
Days on Market75

Property Features for 1845 Andrews Ave

General Information

Standard status Active

Building Details

Year Built 1920
Listing Agency: Locqube New York, Inc.
Listed By: Jeffrie Pena · License NY #10401261474
Source: Realtyconnectusa
Added: Sep 1 Changed: Nov 7 Last Checked: Nov 3 at 11:32AM

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 Locqube New York, Inc.

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Investment Insights

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Located at 1845 Andrews Avenue in the Bronx, this five-family apartment building was built in 1920 and contains a mix of two three-bedroom units, two one-bedroom units, and one two-bedroom unit. The residences include hardwood flooring, flint-grey cabinetry, stone breakfast bars, stainless steel appliances, spacious living areas, and powder rooms. Wall-mounted heating and cooling serves each unit.

Unit-specific features include private outdoor space, a private yard, and in-unit laundry. The property also offers common laundry, storage, garage parking, security cameras, and pet-friendly accommodations. Tenants pay their own utilities, and the reported cap rate is 6.3%.

The building is in the Morris Heights/University Heights area near playgrounds, supermarkets, restaurants, schools, and multiple transit options, including the 4, B, and D trains and Bx3, Bx18, and Bx36 bus routes. Major roadways and the George Washington Bridge are also nearby.

Key Highlights

  • Five‑family configuration with two 3‑bedroom, two 1‑bedroom, and one 2‑bedroom units
  • 6.3% cap rate with tenants responsible for their own utilities
  • Hardwood flooring, stainless steel appliances, stone breakfast bars, and custom cabinetry

Property Analytics

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Location Intelligence

Trade Area within ½ mile

4,241
Businesses Nearby

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
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Market

Properties on Market for Apartment buildings in Bronx

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Five residential units feature custom finishes, hardwood flooring, and wall-mounted heating and cooling.
Where is this apartment building located?
The property is located at 1845 Andrews Ave Bronx, NY.
What is the asking price?
The asking price for this property is $2,299,999.
What are key features of this property?
This property features: Five‑family configuration with two 3‑bedroom, two 1‑bedroom, and one 2‑bedroom units; 6.3% cap rate with tenants responsible for their own utilities; Hardwood flooring, stainless steel appliances, stone breakfast bars, and custom cabinetry
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