939 Croes Ave Bronx, NY 10473

Property Details for 939 Croes Ave

Year built

2004

Lot size

0.06 lot acres

Property size

5,250 SF

Zone code

R6

Property type

Apartment buildings

APN

03660-0029

APU

36600029

Description

This exceptional 7-unit apartment building presents a compelling investment opportunity in the Bronx, New York. Located at 939 Croes Ave, 10473, this well-maintained property boasts 5,250 square feet on a 0.06-acre lot. Constructed in 2004, the building features all-brick and cement masonry construction, ensuring durability and longevity. Each of the seven units benefits from individual gas and electric meters, separate boilers, and new hot water heaters, maximizing efficiency and tenant satisfaction. Finished walk-out basements provide additional space, while a driveway easement and fenced backyard enhance the property's appeal. The building's Class B designation reflects its good condition and solid rental history. The property enjoys a convenient location near major highways, public transportation, and retail stores, making it attractive to a wide range of tenants. With a 7% cap rate and an asking price of $1,200,000, this multifamily investment offers strong potential for return. The property's newly updated roof and overall excellent condition further solidify its value proposition. This is a rare opportunity to acquire a well-maintained, income-producing asset in a desirable Bronx location. The building's features, combined with its strategic location, make it an ideal investment for both seasoned and aspiring real estate investors.