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    446 149Th St The Bronx, NY 10455

    Sponsored
    For Sale
    $4,300,000

    11-Unit Apartment Building, High Returns

    Property size:
    12,539 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully occupied, eleven-unit apartment building in The Bronx, New York. Constructed in 2010, this six-story Class B building boasts 12,539 square feet on a 0.06-acre lot, zoned C4-4. The property features eleven well-designed residential units, each equipped with air conditioning, private balconies, hardwood floors, and wheelchair accessibility. Independent meters for gas cooking and electric hot water minimize operating expenses. Resident amenities include on-site laundry facilities and elevator access. Five rentable storage rooms and a shared laundry area in the basement provide additional income streams. A highly desirable ground-floor commercial space, currently leased for $11,000 per month plus 25% of real estate taxes, includes basement storage and four walk-in refrigerators. This space significantly enhances the property's value and income stability. The building's prime location offers exceptional accessibility, with Walk Score of 95, Transit Score of 100, and Bike Score of 79. This fully leased multi-income property guarantees immediate cash flow and offers significant long-term growth potential, particularly given its location in an Opportunity Zone. The asking price is $4,300,000.

    Property Features for 446 149Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    12,539 SF
    Class
    B
    Lot Size
    2,614 SF

    Building Details

    Year Built
    2010
    Buildings
    1
    Stories
    6
    Units
    11

    HighLights

    • Ten well‑appointed residential units with A/C, private balconies, hardwood floors, and wheelchair accessibility, plus basement storage.
    • Independently metered units; tenants pay gas & electric, minimizing operating costs.
    • On‑site laundry and elevator enhance tenant satisfaction and retention.
    • Five rentable storage units and a shared laundry area generate additional income.
    • Ground‑floor commercial space leased at $11,000/month, plus 25% of real estate taxes, includes basement storage and four walk‑in refrigerators.
    • Fully leased, providing immediate cash flow and diversified income streams.
    Property Profile Location Intelligence

    Current Use by Public Records

    ​Preferred Self Storage ... Self-Storage Facility The Butcher's Choice Meat ... Butcher Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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
    -73.91561884
    Latitude
    40.81523269

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    FAQs

    What type of property is this?
    Multifamily property - 11-Unit Apartment Building, High Returns
    Where is this multifamily property located?
    The property is located at 446 149Th St The Bronx, NY.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: Ten well-appointed residential units with A/C, private balconies, hardwood floors, and wheelchair accessibility, plus basement storage.; Independently metered units; tenants pay gas & electric, minimizing operating costs.; On-site laundry and elevator enhance tenant satisfaction and retention.
    Request Owner's contact information
    446 149Th St The Bronx, NY 10455
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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
    446 149Th St The Bronx, NY 10455
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