3534 Bronx Blvd - Apartments FOR SALE


Bronx, NY 10467- Olinville
$5,200,000 USD
212-837-4665
3534 Bronx Blvd, Bronx, NY for Sale
$5,200,000 USD
Apartments - FOR SALE
1/2
null | 11.35% Cap Rate

3534 Bronx Blvd
Bronx, NY 10467
Olinville


HIGHLIGHTS

  • 10% Cap Rate | 4.5x RR
  • 6-story elevator
  • Easily accessible via mass transit
  • Proximity to Retail Corridors

OVERVIEW

GFI Realty Services is pleased to present the exclusive offering of 3534 Bronx Boulevard, a six-story elevator building comprising 65 rent-stabilized apartments across approximately 63,388 square feet in the Olinville section of the Northeast Bronx. The unit mix comprises 11 studios, 36 one-bedroom, 11 two-bedroom, and 7 three-bedroom apartments. The property benefits from immediate access to the retail corridors along White Plains Road and Gun Hill Road, with the 2 and 5 subway lines at Gun Hill Road and multiple bus routes all within walking distance, providing direct service to Midtown Manhattan. Van Cortlandt Park, Pelham Bay Park, and Montefiore Medical Center are all in proximity, making 3534 Bronx Boulevard a well-located asset in one of the Northeast Bronx's most established rental submarkets.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

65

PRICE/UNIT

$80,000

CAP RATE

11.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,677 SF

ZONING

R6

APN/PARCEL ID

04641-0010

ASK ABOUT THIS PROPERTY

Traci-Lea DixonGFI Realty ServicesMore Info
212-837-4665

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Traci-Lea DixonGFI Realty ServicesMore Info
212-837-4665

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