1860 Billingsley Ter The Bronx, NY 10453
- Apartment buildings
- 64,614 SF
- 0.29 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1860 Billingsley Ter
- Year built
- 1927
- Lot size
- 0.29 lot acres
- Property size
- 64,614 SF
- Zone code
- R5
- Property type
- Apartment buildings
- APN
- 02879-0253
- APU
- 28790253
Description
This exceptional 59-unit apartment building, located at 1860 Billingsley Terrace in the Morris Heights section of The Bronx, New York, presents a compelling investment opportunity. Built in 1927, this six-story building boasts 64,614 square feet on a 12,700 square foot lot. The property is zoned MF, allowing for multifamily use. Residents enjoy desirable amenities including hardwood floors and elevator access. The building's location offers stunning city skyline and park views, providing tenants with a high-quality living experience. Its convenient location is a significant advantage, with easy access to public transportation via the 4, B, and D subway lines, and proximity to major roadways such as I-87 and I-95. The asking price for this well-maintained property is $8,200,000. This represents a significant opportunity to acquire a substantial multifamily asset in a rapidly developing area of The Bronx, offering strong potential for future appreciation and rental income. The building's size and unit count provide excellent scale for an investor seeking a substantial portfolio addition. The combination of its classic architecture, modern amenities, and prime location makes 1860 Billingsley Terrace a truly remarkable investment prospect. The property's strong tenant base and established rental income stream further enhance its appeal. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving New York City neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,780,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,500,000
- 6.5%
- $7,445,000
- 7%
- $7,665,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,865,000
- Geo Method
- $8,730,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,270,000
- Retail
- $9,370,000
- Mixed-Use
- $9,660,000
- Hospitality
- $7,495,000
- Educational
- $7,850,000
- Residential Income
- $7,985,000
- Energy
- $9,205,000
- Income-Based Land
- $8,315,000
- Food Service
- $8,290,000
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.917
- Latitude
- 40.8535
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
