258 Soundview Ave Bronx, NY 10473-2419
- Apartment buildings
- 9,000 SF
- 0.06 lot acres
Mar 13, 2020
Current Use by Public Records
- Apartment buildings
Property Details for 258 Soundview Ave
- Year built
- 1931
- Lot size
- 0.06 lot acres
- Property size
- 9,000 SF
- Zone code
- R3-2
- Property type
- Apartment buildings
- APN
- 03456-0038
- APU
- 34560038
Description
This exceptional nine-unit apartment building at 258 Soundview Avenue in the Bronx, New York, presents a compelling investment opportunity. Boasting a stabilized investment profile with 100% occupancy, this property offers a strong return on investment. The building, constructed in 1931, comprises four stories and encompasses 9,000 square feet on a 2,775 square foot lot. The asking price is $1,199,000, translating to $133.22 per square foot. The current Net Operating Income (NOI) stands at $81,339, yielding a 6.78% capitalization rate. Each of the nine units contributes to the building's consistent performance. The property is zoned R3-2/C1-2, offering potential for future development or expansion. Its convenient location provides easy access to major transportation arteries, including the proximity to I-278 and I-95, enhancing its appeal to both residents and investors. The building is well-maintained, presenting a clean and attractive exterior and interior. This is a rare opportunity to acquire a stable, high-performing multifamily property in a desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,325,000
- ML approach
- $1,305,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8553
- Latitude
- 40.811
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
