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    2043 Mayflower Ave The Bronx, NY 10461

    Sponsored
    For Sale
    $1,299,000

    Four-unit Bronx apartment building, 8% cap rate.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a well-maintained, four-unit apartment building situated at 2043 Mayflower Avenue in the Bronx, New York, zip code 10461. The property boasts a prime location between Hutchinson River Parkway East and Wilkinson Avenue, offering convenient access to public transportation. A five-block walk will take you to the Bx12 bus stop, while the Pelham Bay Park train station is a mere ten-minute walk away. Built in 1928, this two-story building sits on a 2,643 square foot lot (25.25ft x 104.67ft) and comprises a total of 3,075 square feet of residential space. The unit mix includes three two-bedroom apartments and one one-bedroom apartment. The asking price is $1,299,000, representing a price per unit of $324,750 and an attractive 8.00% capitalization rate. The property is zoned R5 and includes a garage, adding further value to this compelling investment. The building's current condition suggests potential for increased rental income through market rent adjustments. This multifamily property offers a strong return on investment in a desirable and well-connected Bronx neighborhood.

    Property Features for 2043 Mayflower Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1928
    Buildings
    1
    Stories
    2
    Units
    4
    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
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8340094
    Latitude
    40.8532082

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit Bronx apartment building, 8% cap rate.
    Where is this multifamily property located?
    The property is located at 2043 Mayflower Ave The Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,299,000.
    Request Owner's contact information
    2043 Mayflower Ave The Bronx, NY 10461
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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
    2043 Mayflower Ave The Bronx, NY 10461
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