3560 Olinville Ave - Apartments FOR SALE


Bronx, NY 10467- Olinville
$6,900,000 USD
212-430-5136
3560 Olinville Ave, Bronx, NY for Sale
$6,900,000 USD
Apartments - FOR SALE
1/13
null | 9.6% Cap Rate

3560 Olinville Ave
Bronx, NY 10467
Olinville


HIGHLIGHTS

  • 85 unit elevator building
  • Gross square footage: 79,098 SF
  • Current average residential rent: $1,576 per month
  • Walking distance to 2 and 5 subway lines at Gun Hill Road station
  • Direct transit access to Manhattan

OVERVIEW

3560 Olinville Avenue is located in the Williamsbridge section of the North Bronx, an established residential neighborhood backed by strong urban density.? Positioned just off major thoroughfares like White Plains Road and East Gun Hill Road, the property enjoys seamless connectivity to the rest of the borough and the tri-state area.? The surrounding neighborhood is characterized by a vibrant commercial pulse, anchored by a rich mix of neighborhood-serving retail, multi-cultural restaurants, and local businesses along key convenience corridors.? Driven entirely by its massive residential footprint, the submarket exhibits reliable, resilient demand patterns that set a highly durable framework for multi-unit properties.? The location is highly attractive to a robust tenant base due to its stellar infrastructure and straightforward transit access.? The property is heavily favored by commuters, sitting within close walking distance to the 2 and 5 subway lines at the Gun Hill Road station, which provides a direct, reliable link into Manhattan and major employment hubs.? Reflecting the asset's exceptional efficiency, the underwriting operates on a current average residential rent of $1,463 per month, which heavily undercuts Manhattan pricing while keeping vacancy and collection losses strictly contained to a standard 5% metric.? Positioned directly within a dense residential pocket of the Bronx, 3560 Olinville Avenue stands as a fundamentally sound investment asset, capturing consistent tenant pools, minimal commercial market risk, and steady operational cash flows.?

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

85

PRICE/UNIT

$81,176

CAP RATE

9.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,001 SF

ZONING

R6

APN/PARCEL ID

04642-0033

ASK ABOUT THIS PROPERTY

Seth GlasserMarcus & MillichapMore Info
212-430-5136

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Seth GlasserMarcus & MillichapMore Info
212-430-5136

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