1930 Anthony Ave The Bronx, NY 10457

This exceptional 61-unit apartment building presents a compelling value-add investment opportunity in the desirable Mount Hope section of the Bronx, New York. Located at 1930 Anthony Avenue, this six-story, 66,000 square foot building boasts a 98% occupancy rate, generating a strong net operating income (NOI) of $348,642, representing a 6.70% cap rate. Built in 1927, the property offers significant upside potential for value-add improvements. The asking price is $5,200,000, translating to $85,245.90 per unit and $78.79 per square foot. This family-owned property has been meticulously maintained for over 30 years and features an elevator. Its prime location in Mount Hope ensures high demand and appreciation potential, making it an ideal investment for both short-term and long-term strategies. The property is particularly well-suited for 1031 exchange buyers seeking to defer capital gains taxes, and seller financing is available. This investment offers a blend of stable financials, strong market potential, and tax advantages, promising consistent rental income and long-term value appreciation. The building's robust financial performance and favorable market overview contribute to a secure and profitable investment opportunity.