10-Unit Apartment
For Sale
$2,988,000
2097 Davidson Avenue, Bronx, NY 10453
A recently constructed, four-story residential property includes on-site parking, air conditioning, and a rear yard.
Property Size7,500 SF
Price / SF$398.40
Days on Market111
Property Features for 2097 Davidson Avenue
General Information
Standard status
Active
Size
7,500 SF
Total Parking Spaces
6
Property subtype
Commercial
Zoning
R7-1
Net Operating Income
$252,906
Financials
Cap Rate
8.46%
Gross Income
$269,439
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$3,600
Amenities
air conditioning
large rear yard
Building Details
Building Size
7,500 SF
Year Built
2022
Buildings
1
Stories
4
Units
10
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #1020151
(516) 279-8828
Source:
Clairedleone
Added: Jul 6
Changed: Oct 23
Last Checked: Oct 23 at 6:02PM
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
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Investment Insights
Based on property information with market context.
Built in 2022, this four-story apartment building contains 10 units across 7,500 square feet. The property has 8-foot ceilings, a rear yard, sprinklers, six parking spaces, three-phase power, LED lighting, and air conditioning. R7-1 zoning applies, and the building has a 421-A tax abatement through 2060.
At 2097 Davidson Avenue in the Bronx, the property is situated between University Avenue and Jerome Avenue, near Bronx Community College. It is also positioned between I-278 and the Grand Concourse.
At 2097 Davidson Avenue in the Bronx, the property is situated between University Avenue and Jerome Avenue, near Bronx Community College. It is also positioned between I-278 and the Grand Concourse.
Key Highlights
- 10 apartments in a 7,500‑square‑foot, four‑story building
- Built in 2022; 421‑A tax abatement through 2060
- R7‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,908
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,498,160
$3.5M
Cap Rate 7%
$2,498,686
$2.5M
Cap Rate 9%
$1,943,422
$1.9M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$333.0K $44.40/SF
− Vacancy
−$15.0K −$2.00/SF
EGI
$318.0K $42.40/SF
− OpEx
−$143.1K −$19.08/SF
NOI
$174.9K $23.32/SF
Area
ZIP 10453
Vacancy
4.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,498,160
Cap Rate 7%
$2,498,686
Cap Rate 9%
$1,943,422
Alternative Uses
Best Use
Apartment 5plus
$2.50M
$2.19M – $2.92M
NOI $174,908 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.52M
$3.08M – $4.11M
NOI $246,456 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
10
Residential units
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,947
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - A recently constructed, four-story residential property includes on-site parking, air conditioning, and a rear yard.
Where is this apartment building located?
The property is located at 2097 Davidson Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $2,988,000.
What are key features of this property?
This property features: 10 apartments in a 7,500‑square‑foot, four‑story building; Built in 2022; 421‑A tax abatement through 2060; R7‑1 zoning
