New Construction Apartment
For Sale
Contact for pricing
Pending
538-540 East 142Nd Street, Bronx, NY 10454
Two contiguous walkup buildings offer a diversified unit mix with resident amenities and individual building systems.
Property SizeContact for details
Days on Market145
Property Features for 538-540 East 142Nd Street
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Invictus Property Advisors
Listed By:
Andrew Levine · License #NY 10491208655
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 3:43PM
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 Invictus Property Advisors
Investment Insights
Based on property information with market context.
This multifamily property comprises two contiguous, newly constructed walkup buildings with 16 apartments: 14 one-bedroom units and two two-bedroom units. Six apartments are subject to affordability guidelines for households earning no more than 130% of AMI, while 10 are market-rate through established first rents and remain subject to rent stabilization guidelines. Resident features include backyards, balconies, a laundry room, roof deck, individual air conditioning, and separate heat and hot water systems. Apartments also include stainless steel kitchen appliances and hardwood flooring.
The property benefits from the 35-Year, 421A Exemption Program, and both buildings are classified as Tax Class 2B. The buildings are four blocks from the 6 train at Brook Avenue and East 138th Street, with access to Midtown Manhattan in less than 30 minutes. The surrounding area includes the Mott Haven East Historic District, The Hub, national retailers, and local restaurants and eateries.
The property benefits from the 35-Year, 421A Exemption Program, and both buildings are classified as Tax Class 2B. The buildings are four blocks from the 6 train at Brook Avenue and East 138th Street, with access to Midtown Manhattan in less than 30 minutes. The surrounding area includes the Mott Haven East Historic District, The Hub, national retailers, and local restaurants and eateries.
Key Highlights
- 16 total apartments: 14 one‑bedrooms and two two‑bedrooms
- Six units limited to households earning no more than 130% of AMI; 10 market‑rate units
- 35‑Year, 421A Exemption Program
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,962
Businesses Nearby
Explore this area
Business Placement
Demographics for 10454, NY
40,232
Population
15,397
Households
2.6
Avg Household Size
33
Median Age
14%
College-Educated
62%
High-School Grad
1.1 sq mi
ZIP Area
36,575
Density / Sq Mi
$27,500
Median Household Income
$31,243
Median Earnings
$1,064
Median Rent
$780,800
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 - Two contiguous walkup buildings offer a diversified unit mix with resident amenities and individual building systems.
Where is this apartment building located?
The property is located at 538-540 East 142Nd Street Bronx, NY.
What are key features of this property?
This property features: 16 total apartments: 14 one‑bedrooms and two two‑bedrooms; Six units limited to households earning no more than 130% of AMI; 10 market‑rate units; 35‑Year, 421A Exemption Program
