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    743 136Th St Bronx, NY 10454

    Sponsored
    For Sale
    $2,000,000

    Six-unit building, high occupancy, strong NOI.

    Property size:
    3,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This stabilized, six-unit apartment building in the Bronx, NY, presents a compelling add-value investment opportunity. Located at 743 E 136th St, this 3-story, 3,900 square foot building boasts 100% occupancy, generating a Net Operating Income (NOI) of $57,332 and a 2.87% cap rate. Built in 1915 and renovated in 2018, the property features six units, each with a price point of $333,333.33, totaling an asking price of $2,000,000. The property sits on a 2,500 square foot lot and is zoned M1-2, with an additional 8,100 square feet of air rights. The building's strong performance, combined with the potential for future appreciation in the up-and-coming Mott Haven/Port Morris neighborhood, makes this a highly attractive investment. The neighborhood is experiencing a revitalization, with new businesses and residential developments contributing to its growing vibrancy. Convenient access to major highways and nearby recreational areas like Pulaski Park further enhance the property's appeal. This is a rare chance to acquire a well-maintained, income-producing asset in a rapidly developing area of the Bronx. The property's strong financials and location make it an ideal investment for both seasoned and emerging investors seeking a stable and potentially high-growth opportunity.

    Property Features for 743 136Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,900 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1915/2018
    Buildings
    1
    Stories
    3
    Units
    6

    HighLights

    • Six‑unit apartment building in the Bronx, NY, offering a value‑add investment opportunity.
    • Located at 743 E 136th St, this 3‑story building totals 3,900 square feet on a 2,500 square foot lot.
    • 100% occupancy, generating a $57,332 NOI and a 2.87% cap rate.
    • Asking price: $2,000,000; each unit priced at $333,333.33.
    • Built in 1915, renovated in 2018; zoned M1‑2 with 8,100 square feet of air rights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.912592874744
    Latitude
    40.803056699819

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    FAQs

    What type of property is this?
    Multifamily property - Six-unit building, high occupancy, strong NOI.
    Where is this multifamily property located?
    The property is located at 743 136Th St Bronx, NY.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Six-unit apartment building in the Bronx, NY, offering a value-add investment opportunity.; Located at 743 E 136th St, this 3-story building totals 3,900 square feet on a 2,500 square foot lot.; 100% occupancy, generating a $57,332 NOI and a 2.87% cap rate.
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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
    743 136Th St Bronx, NY 10454
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