4175 Third Ave - Apartments FOR SALE


Bronx, NY 10457- Tremont
$1,799,999 USD
646-933-2615
4175 Third Ave, Bronx, NY for Sale
$1,799,999 USD
Apartments - FOR SALE
1/8
null | 7.59% Cap Rate

4175 Third Ave
Bronx, NY 10457
Tremont


OVERVIEW

Investment Property Realty Group (IPRG) has been exclusively retained to sell 4175 Third Avenue; a four-story mixed-use building located in the Tremont section of the Bronx. The property consists of eight residential units and two commercial stores on the ground floor. The apartments are configured as two studios and six three-bedroom units. The building benefits from its protected 2B tax class, with a tax bill of only $10,196 per year. It is well maintained with zero HPD violations. Additionally, the tenants currently receive preferential rents, providing potential upside in the rent roll upon vacancy. Built in 1931, the property measures 26 feet in width and 75 feet in depth, totaling 7,124 square feet. The building is conveniently located within walking distance of the Tremont Metro-North Station, which offers a commute to Grand Central Station in under 20 minutes.

FOR SALE DETAILS

PRICE

$1,799,999 USD

PRICE/SF

$253 USD /SF

# OF UNITS

10

PRICE/UNIT

$180,000

CAP RATE

7.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

M1-4/R7X, MX-14

APN/PARCEL ID

02924-0036

ASK ABOUT THIS PROPERTY

Jared FriedmanInvestment Property Realty GroupMore Info
646-933-2615

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

Jared FriedmanInvestment Property Realty GroupMore Info
646-933-2615

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