2025 Colonial Ave The Bronx, NY 10461
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 2025 Colonial Ave
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 41-unit apartment building ideally situated in the Pelham Bay section of The Bronx, New York. The property, located at 2023-2025 Colonial Avenue, boasts a prime location, just steps from the Pelham Bay #6 subway stop and close to Pelham Bay Park, the largest park in New York City. The building itself comprises 37 one-bedroom units and 4 two-bedroom units, totaling 37,740 square feet across four stories. The lot size is 13,210 square feet, measuring 125 feet by 85 feet. The building benefits from R7-1 and R5A zoning. The property is assessed at $517,050 with a tax class of 2 and an annual property tax of $64,642 based on a 12.502% tax rate. This well-maintained multifamily property offers significant potential for investors seeking a strong return in a desirable and convenient Bronx neighborhood. The building's size and unit mix provide a solid foundation for long-term growth and rental income. This is a rare opportunity to acquire a substantial multifamily asset in a thriving area of New York City. The asking price for this exceptional property is $4,400,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- The Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8285
- Latitude
- 40.8533
