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Property profile & analytics
FOR SALE
Dormitories

2311 Creston Ave Bronx, NY 10468

Property ID
US63-4043255
Property summary
AI-generated overview

This exceptional three-unit multifamily property, located at 2311 Creston Avenue in the Bronx, New York (zip code 10468), presents a compelling investment opportunity. The building is fully renovated and currently boasts 100% occupancy, generating a strong net operating income (NOI) of $82,968, resulting in an attractive 6.91% capitalization rate. Offered at $1,200,000, this turnkey property is ideal for both seasoned investors seeking portfolio expansion and newcomers to the multifamily market. Its prime Bronx location near Fordham University makes it particularly attractive, given its potential for strong rental demand. The property is not subject to a ground lease. This is a rare chance to acquire a well-maintained, high-performing asset in a desirable area. The property's classification includes both apartment building and student housing, reflecting its versatility and appeal to a broad range of tenants. Detailed financial information is available upon request. Don't miss this opportunity to secure a profitable investment in a thriving New York City neighborhood.

Property profile
Verified
Property type Dormitories
UPID US63-4043255
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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