2543 Bronxwood Ave Bronx, NY 10469
- Apartment buildings
- 6,143 SF
- 0.05 lot acres
Current Use by Public Records
- La Gruta / Historical Landmark
Property Details for 2543 Bronxwood Ave
- Year built
- 2008
- Lot size
- 0.05 lot acres
- Property size
- 6,143 SF
- Zone code
- R6
- Property type
- Apartment buildings
- APN
- 04441-0052
- APU
- 44410052
Description
This exceptional multi-family property at 2543 Bronxwood Avenue in the Bronx, New York, presents a compelling investment opportunity. The building encompasses a substantial 8,483 square feet and sits on a 0.07-acre lot. Currently fully occupied, this four-story walk-up building offers a diverse mix of sixteen rental units, providing a stable income stream. The unit breakdown includes one studio apartment, eight one-bedroom units, and seven two-bedroom units, catering to a broad range of tenants. The building is described as being in excellent condition, a testament to its well-maintained structure and the responsible management practices employed. The consistent occupancy rate speaks volumes about the property's desirability and the quality of the tenant base. The asking price for this turnkey investment is $3,250,000. This represents a significant opportunity for investors seeking a strong return on investment in a thriving urban market. The property's location in the Bronx offers easy access to various amenities and transportation options, further enhancing its appeal to both tenants and investors. This is a rare chance to acquire a well-maintained, high-occupancy multi-family building with significant potential for future growth and appreciation. The strong tenant base and excellent condition make this a low-risk, high-reward investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $315,000
- 6.5%
- $350,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $375,000
- Geo Method
- $315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $330,000
- Mixed-Use
- $390,000
- Hospitality
- $325,000
- Educational
- $350,000
- Residential Income
- $305,000
- Energy
- $320,000
- Income-Based Land
- $355,000
- Food Service
- $330,000
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8619
- Latitude
- 40.8645
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
