2104 Cross Bronx Expy Bronx, NY 10472-5239

Property Details for 2104 Cross Bronx Expy

Year built

1928

Lot size

0.17 lot acres

Property size

34,815 SF

Zone code

R5

Property type

Apartment buildings

APN

03810-0013

APU

38100013

Description

This exceptional six-story, 34,815-square-foot apartment building at 2104 Cross Bronx Expressway in the Bronx, NY (zip code 10472), presents a compelling investment opportunity. Boasting 39 units – including one studio, 37 one-bedroom, and one two-bedroom apartment – this property offers a blended average monthly rent of $1,517. The building sits on a 7,600-square-foot lot and benefits from 112 feet of frontage on the Cross Bronx Expressway, providing excellent visibility and accessibility. Constructed in 1928, the building is zoned R5 and has been meticulously maintained and professionally managed for over two decades. The asking price is $3,975,000, representing $101,923 per unit and a price per square foot of $114. The property enjoys a strong 8.60% cap rate and a net operating income (NOI) of $341,850. Significant tax advantages are in place, including a J-51 tax abatement extending until 2028 and a J-51 tax exemption with 26 years remaining, significantly reducing property taxes. The current exemption value is $189,190, further enhancing the property's financial performance. This well-managed building offers substantial upside potential, making it an attractive investment for discerning buyers.

Location Insight

City

Bronx

County

Bronx

State

New York

Longitude

-73.8532

Latitude

40.8306

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments