2235 Bassford Ave The Bronx, NY 10457

This exceptional five-story, 32-unit apartment building at 2235 Bassford Avenue in the Belmont section of The Bronx, New York, presents a compelling investment opportunity. Boasting 28,000 square feet on a substantial 5.592-acre lot, this double corner property commands an asking price of $3,250,000, translating to $116 per square foot and $101,563 per unit. The building features a mix of unit sizes: 17 one-bedrooms, 11 two-bedrooms, 3 three-bedrooms, and 1 four-bedroom unit. Its strategic location offers easy access to Little Italy, St. Barnabas Hospital, Fordham University, and the vibrant commercial district along E Fordham Road. Residents benefit from proximity to abundant transportation options, including the B and D subway lines and the Metro North Fordham Station, all within a 10-minute walk. The property is zoned R6A and currently benefits from J-51 tax benefits, set to expire in 2029. This presents a rare chance to acquire a well-positioned multifamily asset with a strong 11.25% cap rate in a rapidly developing area of The Bronx. The property's size, unit mix, and location combine to create a significant income-generating opportunity.