2311 Creston Ave Bronx, NY 10468
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.