1925 Andrews Ave Bronx, NY 10453-3045
- Apartment buildings
- 12,500 SF
- 0.11 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1925 Andrews Ave
- Year built
- 1915
- Lot size
- 0.11 lot acres
- Property size
- 12,500 SF
- Zone code
- R5
- Property type
- Apartment buildings
- APN
- 03221-0080
- APU
- 32210080
Description
This exceptional 11-unit apartment building, located at 1925 Andrews Ave S in the Bronx, NY 10453, presents a compelling investment opportunity. The property boasts a total of 12,500 square feet, spread across a five-story building situated on a 4,902 square foot lot. Currently operating at 100% occupancy, the building generates a strong net operating income (NOI) of $81,659, translating to a 6.28% capitalization rate. The asking price is $1,300,000, or $118,182 per unit, and $104 per square foot. Each unit averages over 1,000 square feet, with many featuring three bedrooms. The building is well-maintained and benefits from a convenient location, just a nine-minute walk from the Burnside Ave (4) train station and one block from Bx40 and Bx42 bus stops. The property is zoned R5 and is situated between W 179th St and W Burnside Ave, six blocks from the Morris Heights train station. This prime location offers excellent access to public transportation and local amenities, making it an attractive option for tenants. The strong cash flow and potential for future appreciation make this a highly desirable investment property.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $340,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.9136
- Latitude
- 40.8547
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
