959 Anderson Ave Bronx, NY 10452-5601
- Apartment buildings
- 18,781 SF
- 0.11 lot acres
Nov 30, 2021
Current Use by Public Records
- Apartment buildings
Property Details for 959 Anderson Ave
- Year built
- 2022
- Lot size
- 0.11 lot acres
- Property size
- 18,781 SF
- Zone code
- R7-1
- Property type
- Apartment buildings
- APN
- 02507-0032
- APU
- 25070032
Description
This exceptional investment opportunity presents a brand-new, seven-story multifamily building located at 959 Anderson Avenue in the Bronx, New York. Completed in 2023, this 18,781 square foot property boasts 26 units, including 2 studios, 15 one-bedroom units, and 9 two-bedroom units, along with 8 parking spaces. The building enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $845,595, resulting in an attractive 8.50% capitalization rate. The asking price is $9,950,000. This stabilized investment benefits from a 421A tax abatement for the next 35 years, ensuring long-term financial stability. All units are occupied by program tenants providing reliable, consistent monthly rent payments. This property represents a rare opportunity to acquire a high-performing, newly constructed multifamily asset in a rapidly growing market. The building's modern design and prime location in Bronx County, zip code 10452, combine to create a highly desirable investment.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $840,000
- ML approach
- $845,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $523,000
Market price range: $154k - $524k
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Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.9281
- Latitude
- 40.8315
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
