Bronx Multifamily Investment
2043 Mayflower Ave The, Bronx, NY 10461
Well-maintained multifamily building with four units in a desirable location.
Type:Multifamily
Property size:
3,075 SFLot size:
0.06 AcresPrice / SF:
$422/SF- Added:
- Jul 19, 2024
- Days on Market:
- 684
- Last Refresh:
- May 12 at 10:22 pm
Property Features for 2043 Mayflower Ave The
General Information
- Standard status
- Active
- Size
- 3,075 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1928
Listing agent Matthew Barbaccia
Listing office Brix Real Estate Advisors
Listing date Jul 19, 2024
Source Crexi
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 Brix Real Estate Advisors
HighLights
- Four residential units provide immediate rental income potential.
- Located in a well‑connected area with access to public transportation (Bx12 bus and Pelham Bay Park train station).
- Enjoy a short walk (10 minutes) to Pelham Bay Park.
- Well‑maintained multifamily building suggests reduced maintenance costs.
- Unit mix includes (3) 2‑bedroom units and (1) 1‑bedroom unit.
- Total building size of 3,075 SqFt on a 25.25ft x 104.67ft lot.
Overview
Located at 2043 Mayflower Ave in the Bronx, NY 10461, the subject property sits between Hutchinson River Pkwy E and Wilkinson Ave. The building contains four residential units, totaling 3,075 square feet, on a lot measuring 25.25 feet by 104.67 feet. The unit mix consists of three 2-bedroom units and one 1-bedroom unit. The property is located five blocks from the Bx12 bus stop and a 10-minute walk to the Pelham Bay Park train station. This well-maintained multifamily building offers a compelling investment opportunity in a well-connected and desirable area.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.1k | $38.40 |
| − Vacancy | −$6.5k | −$2.11 |
| EGI | $111.6k | $36.29 |
| − OpEx | −$33.5k | −$10.89 |
| NOI | $78.1k | $25.40 |
3,075 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$976.4K – $1.30M
NOI $78,110 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$1.01M
$884.2K – $1.18M
NOI $70,736 @ 7.0% cap · market cap 5.45%
Theoretical Best
Warehouse
$2.13M
$1.86M – $2.49M
NOI $149,153 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.834109
- Latitude
- 40.853187
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained multifamily building with four units in a desirable location.
Where is this quadplex located?
The property is located at 2043 Mayflower Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Four residential units provide immediate rental income potential.; Located in a well‑connected area with access to public transportation (Bx12 bus and Pelham Bay Park train station).; Enjoy a short walk (10 minutes) to Pelham Bay Park.
