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    3156 Hull Ave The Bronx, NY 10467

    Sponsored
    For Sale
    $4,150,000

    26-Unit Apartment Building, High ROI

    Property size:
    21,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 26-unit apartment building, located at 3156 Hull Ave in the Bronx, NY (10467), presents a compelling investment opportunity. The property boasts 21,250 square feet on a 0.114-acre lot and is priced at $4,150,000 ($195.29/sq ft). Built in 1920, this Class C multifamily property offers a blend of historical charm and modern living. The building's 26 units cater to diverse needs, ranging from studios to multi-bedroom apartments. Its strategic location provides residents with easy access to shops, restaurants, parks, and public transportation, enhancing both rental appeal and long-term value. The property's solid rental history and potential for appreciation make it an attractive addition to any investment portfolio. The property's APN is 03349-0018. This is a rare chance to acquire a well-maintained multifamily asset in a thriving New York City neighborhood. The building's size and unit mix provide a strong foundation for generating consistent cash flow and building long-term equity. The property's location within the vibrant Bronx borough ensures high occupancy rates and strong rental demand. This is an ideal investment for those seeking a stable and profitable addition to their real estate holdings. The property offers significant potential for future value appreciation, making it a smart and secure investment in a dynamic market.

    Property Features for 3156 Hull Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    21,250 SF
    Class
    C

    Building Details

    Year Built
    1920
    Units
    26
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    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
    -73.8767766
    Latitude
    40.8732963

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    FAQs

    What type of property is this?
    Multifamily property - 26-Unit Apartment Building, High ROI
    Where is this multifamily property located?
    The property is located at 3156 Hull Ave The Bronx, NY.
    What is the asking price?
    The asking price for this property is $4,150,000.
    Request Owner's contact information
    3156 Hull Ave The Bronx, NY 10467
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    The Bronx, NY 10467
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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
    3156 Hull Ave The Bronx, NY 10467
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