1133 Ogden Ave The Bronx, NY 10452
- Apartment buildings
- 335,048 SF
Current Use by Public Records
- City Management Group Ltd / Construction Company
- Margies / Apartment Building
- Scholars Garden / Day Care Center / Educational Institution
Property Details for 1133 Ogden Ave
- Property size
- 335,048 SF
- Property type
- Apartment buildings
Description
This exceptional 26-story apartment building, located at 1133 Ogden Avenue in the Highbridge section of the Bronx, presents a compelling investment opportunity. The property boasts 335,048 square feet and comprises 400 residential units, supported by 233 parking spaces. The building benefits from an Article XI tax abatement with a 1% GRT extending until 2059, significantly reducing tax burdens. A substantial portion of the units (174, or 44%) are currently occupied by voucher tenants, including 75 Project-Based Voucher (PBV) units. Recent approval of a 610 amendment to the existing regulatory agreement unlocks potential for substantial revenue increases. Further enhancing the financial profile is an additional $100,000 annual tax exemption attributed to the commercial parking lot and garage. This prime location offers convenient access to major transportation arteries, including the 4/B/D subway line and numerous bus routes, as well as the Major Deegan Expressway, Yankee Stadium, and the Harlem Riverfront. The property sits on a 48,983 square foot lot and is zoned R7-1 / C1-4. This multifamily asset offers a unique blend of stable income generation and significant upside potential.
Value Estimations
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AI approach
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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
- -73.9278
- Latitude
- 40.8363
