2116 Colonial Avenue offers a compelling multifamily investment in the heart of Pelham Bay, one of the Bronx’s most desirable residential enclaves. Built in 2020, this seven-story elevator-serviced property features 15,362 square feet across sixteen units with modern layouts and finishes. The building is complemented by durable construction, in-unit metering, and contemporary building systems, providing a low-maintenance operating profile. The property benefits significantly from a 35-year 421a tax exemption, offering long-term real estate tax savings through 2055 and enhancing overall yield potential. Located steps from Pelham Bay Park and near Subway lines 6 and Bx bus routes, residents enjoy convenient access to both Manhattan and Westchester County. The surrounding neighborhood provides a balanced mix of green spaces, retail corridors, and premier dining options along Westchester Avenue and Crosby Avenue. With stable occupancy, strong rent collections averaging over $36,900 monthly, and an effective gross income exceeding $467,000 annually, this property is positioned as a high-quality, income-generating asset ideal for long-term holders seeking tax-advantaged investments in a thriving Bronx submarket.