Residential Income Apartment
For Sale
Contact for pricing
1892 Arthur Ave The, Bronx, NY 10457
Portfolio includes 343 residential units and 2 commercial units, with a 40-year Article XI regulatory agreement commenced in 2018.
Property Size334,520 SF
Days on Market123
Property Features for 1892 Arthur Ave The
General Information
Standard status
Active
Size
334,520 SF
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
343
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Victor Sozio · License #NY 10301211469
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 5:16AM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
This apartment portfolio consists of 343 residential units and 2 commercial units, with an apartment mix of thirteen studios, ninety-one one-bedroom units, one hundred thirty-five two-bedroom units, one hundred one three-bedroom units, and three four-bedroom units. The portfolio is governed by an Article XI regulatory agreement with a 40-year term that commenced in 2018, and taxes are capped at 1% of gross rent. Recent ownership has completed more than $5M in total capex, including acquisition scope, operational enhancements, and ad-hoc repairs and replacements across the properties.
The portfolio is located near major retail thoroughfares including Webster Avenue, East Tremont Avenue, Southern Boulevard, and East 180th Street. It is also surrounded by local attractions such as the Bronx Zoo, New York Botanical Gardens, Crotona Park, Arthur Avenue, and Fordham Road, with access supported by nearby subway service, Metro-North, the Cross Bronx Expressway, and the Bronx River Parkway.
For planning and approvals, prospective buyers should account for the Article XI agreement term and the current tax cap structure outlined above.
The portfolio is located near major retail thoroughfares including Webster Avenue, East Tremont Avenue, Southern Boulevard, and East 180th Street. It is also surrounded by local attractions such as the Bronx Zoo, New York Botanical Gardens, Crotona Park, Arthur Avenue, and Fordham Road, with access supported by nearby subway service, Metro-North, the Cross Bronx Expressway, and the Bronx River Parkway.
For planning and approvals, prospective buyers should account for the Article XI agreement term and the current tax cap structure outlined above.
Key Highlights
- Portfolio totals approximately 334,520 gross SF with 343 residential units and 2 commercial units
- Article XI regulatory agreement in place with a 40‑year term, commenced in 2018
- Taxes capped at 1% of gross rent under the Article XI agreement
Property Analytics
Property Profile
Current Use
Lease Details
343
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,133
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 - Portfolio includes 343 residential units and 2 commercial units, with a 40-year Article XI regulatory agreement commenced in 2018.
Where is this apartment building located?
The property is located at 1892 Arthur Ave The Bronx, NY.
What are key features of this property?
This property features: Portfolio totals approximately 334,520 gross SF with 343 residential units and 2 commercial units; Article XI regulatory agreement in place with a 40‑year term, commenced in 2018; Taxes capped at 1% of gross rent under the Article XI agreement
