Six-Story Multifamily Apartment
2490 Davidson Avenue Bronx, NY 10468
2490 Davidson Avenue, Bronx, NY, 10468
$10,000,000
For Sale
$10,000,000
Two buildings totaling 73 apartments, including 14 fully renovated units in a six-story residential setup.
Property Size32,750 SF
Price / SF$305.34
Days on Market1601
Property Features for 2490 Davidson Avenue
General Information
- Standard status
- Active
- Size
- 32,750 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1921
Listing agency
Solo Realty Group LLC
(914) 230-3845
Listed by
Justo Reyes
(914) 230-3845
Source
Compass
Added: Mar 5, 2022 Updated: Jul 20 at 4:34PM Checked: Jul 22 at 6:14AM
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 Solo Realty Group LLC
Investment Insights
Based on property information with market context.
This for-sale multifamily opportunity consists of two residential buildings totaling 73 apartments. Of the total, 14 units are fully renovated, providing a mix of renovated and non-renovated apartment inventory within the same ownership.
The residential buildings are six stories and are described as convenient to public transportation, including nearby subway stations and bus access. The property is also noted as being close to shops, schools, restaurants, and other everyday amenities.
An existing agreement/contract is indicated in the remarks as “A/O Contract Out.” Additional offering details are not provided in the available information.
The residential buildings are six stories and are described as convenient to public transportation, including nearby subway stations and bus access. The property is also noted as being close to shops, schools, restaurants, and other everyday amenities.
An existing agreement/contract is indicated in the remarks as “A/O Contract Out.” Additional offering details are not provided in the available information.
Key Highlights
- Two buildings totaling 73 apartments, including 14 fully renovated units
- Six‑story residential setup with finished full walk‑out basement
- Interior highlights include cathedral/vaulted/high ceilings and cathedral ceiling(s)
Local Financial Insights For Apartment 5plus
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 | $1.45M | $44.40 |
| − Vacancy | −$84.3k | −$2.58 |
| EGI | $1.37M | $41.82 |
| − OpEx | −$616.4k | −$18.82 |
| NOI | $753.4k | $23.00 |
32,750 SF · lease $44.40/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$10.76M
$9.42M – $12.56M
NOI $753,369 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$22.69M
$19.86M – $26.48M
NOI $1,588,541 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two buildings totaling 73 apartments, including 14 fully renovated units in a six-story residential setup.
Where is this apartment building located?
The property is located at 2490 Davidson Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Two buildings totaling 73 apartments, including 14 fully renovated units; Six‑story residential setup with finished full walk‑out basement; Interior highlights include cathedral/vaulted/high ceilings and cathedral ceiling(s)
