1694 Banyer Pl Bronx, NY 10473-4056
- Apartment buildings
- 4,500 SF
- 0.05 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1694 Banyer Pl
- Year built
- 2004
- Lot size
- 0.05 lot acres
- Property size
- 4,500 SF
- Zone code
- R6
- Property type
- Apartment buildings
- APN
- 03660-0024
- APU
- 36600024
Description
This exceptional six-unit apartment building at 1694 Banyer Place in the Bronx, NY, presents a compelling investment opportunity. Built in 2004, this all-brick and cement masonry structure boasts 4,500 square feet on a 0.05-acre lot. The property is in excellent condition, featuring recently updated units and a new roof. Each of the six apartments benefits from individual gas and electric meters, separate boilers, and new hot water heaters, ensuring efficient utility management and potential for increased rental income. Finished walk-out basements provide additional space for residents. The property also includes a driveway easement and a fenced backyard, enhancing both convenience and security. Its strategic location offers easy access to major highways, public transportation, and a variety of retail stores, making it highly attractive to tenants. The building's strong cash flow, coupled with a 7.00% cap rate, makes this a truly remarkable investment prospect in a thriving New York City borough. The property is classified as a Class B multifamily building and is situated in the 10473 zip code.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $235,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $367,000
Market price range: $70.5k - $372k
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Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8696
- Latitude
- 40.824
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
