1364 Bronx River Ave - Apartments FOR SALE


Bronx, NY 10472- Parkchester
$6,750,000 USD
212-430-6134
1364 Bronx River Ave, Bronx, NY for Sale
$6,750,000 USD
Apartments - FOR SALE
1/25
null | 7.4% Cap Rate

1364 Bronx River Ave
Bronx, NY 10472
Parkchester


OVERVIEW

The New York Family Team Marcus & Millichap is pleased to present two adjacent walk-up buildings in the prime Park Versailles neighborhood of the Bronx. 1364 & 1374 Bronx River avenue span 56,915 square feet and are prominently positioned at the intersection of Elder Avenue, Boynton Avenue, and Bronx river Avenue. These meticulously maintained mixed-use buildings comprise 74 residential apartments and 4 ground-floor retail units, with 180 feet of frontage along the avenue. The offering also includes an additional $20,760 in annual income from a rooftop cell anteana leased to T-Mobile. Profesionally managed for the past decade, 1364 & 1374 Bronx River Avenue are ideally located near Starlight Park, the Westchester Avenue retail corridor, James Monroe High School, and the Elder Avenue 6 Train. The area is characterized by a mix of historic architecture and modern developments, attracting a wide range of residents and businesses. Nearby cultural and recreational landmarks, such as the Bronx Zoo and the New York Botanical Garden, add to the neighborhood’s charm, making it a desirable location for both living and working. The presence of educational institutions and healthcare facilities further enhances the community's appeal. With a steady demand for housing and commercial spaces, the local economy is robust, supported by a strong base of small businesses and a growing tech scene. The market benefits from an annual rent growth rate of 3-5% and low vacancy rates, providing a stable investment environment. 1364-1374 Bronx River Avenue stands at the heart of this vibrant market, offering a promising investment opportunity with potential for long-term appreciation.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$275 USD /SF

# OF UNITS

78

PRICE/UNIT

$86,538

CAP RATE

7.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1364 and1374 Bronx River Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R6

APN/PARCEL ID

03863-0032

ASK ABOUT THIS PROPERTY

Seth GlasserMarcus & MillichapMore Info
212-430-6134

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Seth GlasserMarcus & MillichapMore Info
212-430-6134

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.