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    1860 Billingsley Ter The Bronx, NY 10453

    Sponsored
    For Sale
    $8,200,000

    59-Unit Apartment Building, Prime Location

    Property size:
    64,614 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 59-unit apartment building, located at 1860 Billingsley Terrace in the Morris Heights section of The Bronx, New York, presents a compelling investment opportunity. Built in 1927, this six-story building boasts 64,614 square feet on a 12,700 square foot lot. The property is zoned MF, allowing for multifamily use. Residents enjoy desirable amenities including hardwood floors and elevator access. The building's location offers stunning city skyline and park views, providing tenants with a high-quality living experience. Its convenient location is a significant advantage, with easy access to public transportation via the 4, B, and D subway lines, and proximity to major roadways such as I-87 and I-95. The asking price for this well-maintained property is $8,200,000. This represents a significant opportunity to acquire a substantial multifamily asset in a rapidly developing area of The Bronx, offering strong potential for future appreciation and rental income. The building's size and unit count provide excellent scale for an investor seeking a substantial portfolio addition. The combination of its classic architecture, modern amenities, and prime location makes 1860 Billingsley Terrace a truly remarkable investment prospect. The property's strong tenant base and established rental income stream further enhance its appeal. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving New York City neighborhood.

    Property Features for 1860 Billingsley Ter

    General Information

    Property type
    Multifamily properties
    Square Feet
    64,614 SF

    Building Details

    Year Built
    1927
    Stories
    6
    Units
    59

    HighLights

    • 59‑unit multifamily building, 64,614 sq ft, on a 12,700 sq ft lot, located at 1860 Billingsley Terrace, Morris Heights, Bronx, NY.
    • Elevator and hardwood floors.
    • City skyline and park views; steps from the 4, B, and D subway lines; built in 1927.
    • Close proximity to I‑87 and I‑95.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9170228
    Latitude
    40.8535327

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    FAQs

    What type of property is this?
    Multifamily property - 59-Unit Apartment Building, Prime Location
    Where is this multifamily property located?
    The property is located at 1860 Billingsley Ter The Bronx, NY.
    What is the asking price?
    The asking price for this property is $8,200,000.
    What are key features of this property?
    This property features: 59-unit multifamily building, 64,614 sq ft, on a 12,700 sq ft lot, located at 1860 Billingsley Terrace, Morris Heights, Bronx, NY.; Elevator and hardwood floors.; City skyline and park views; steps from the 4, B, and D subway lines; built in 1927.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1860 Billingsley Ter The Bronx, NY 10453
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