211 252Nd St The Bronx, NY 10471

Exceptional investment opportunity: a five-unit apartment building in Riverdale, Bronx, New York, commanding a desirable location directly across from Van Cortlandt Park. This meticulously maintained, four-story brick building, constructed in 2018, offers a compelling 5.14% cap rate at an asking price of $2,350,000. Each of the five units boasts private outdoor space—balconies or a spacious roof deck—enhancing tenant appeal and rental potential. The building's modern amenities include individual heating and air conditioning systems in each unit, separately metered utilities (heat, hot water, and electricity), and Wifi/video doorbell service. The duplex penthouse unit features a large roof deck with panoramic park views. The building is conveniently located near the Van Cortlandt Park-242nd Street 1 subway line, providing excellent transportation access. The current zoning (R6) allows for potential expansion or value-add opportunities, such as adding laundry or storage units to generate additional income. This free-market building presents a strong cash flow and significant upside potential for the discerning investor. The building totals 2,067 square feet, resulting in a price per square foot of $1,136.91. This property represents a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a highly sought-after Bronx neighborhood.