2248 Bassford Ave Bronx, NY 10457-1421
Property Lookup
Property profile & analytics
2248 Bassford Ave Bronx, NY 10457-1421
- Apartment buildings
- 8,820 SF
- 0.06 lot acres
Property ID
US63-0987798
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 2248 Bassford Ave
- Year built
- 1910
- Lot size
- 0.06 lot acres
- Property size
- 8,820 SF
- Zone code
- R6A
- Property type
- Apartment buildings
- APN
- 03050-0098
- APU
- 30500098
Description
This well-maintained eight-unit apartment building in the Belmont section of the Bronx offers a compelling investment opportunity. Boasting 8,820 square feet on a 2,578 square foot lot, the property features a mix of three- and four-bedroom apartments, providing substantial rental income. Built in 1910 and situated in a desirable location near Saint Barnabas Hospital, Fordham University, and the B, D, and 4 subway lines, this four-story building presents excellent accessibility. Significant improvements have been made over the years, including new gas main risers, dual boilers (gas/oil), upgraded electrical service with individual meters, a new front entry door, an intercom system, and a 24-hour video security system. Most apartments have been renovated during vacancy turnovers. The building's strong cash flow, with a gross annual income of $189,887 and expenses of $67,134, results in a net annual income of $117,265. The property is zoned R6A and offers a basement workshop/storage area and boiler room. This is a rare opportunity to acquire a high-performing multifamily property with a 6.9% cap rate and a price per unit of $212,500. The asking price is $1,700,000, negotiable. The property's size, location, and recent upgrades make it an attractive investment for discerning buyers.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.893
- Latitude
- 40.854
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$20,491
$2,818
$161,086
$163,904
-
$25,000
$1,429,000
$1,454,000
