686 Eagle Ave - Apartments FOR SALE


Bronx, NY 10455- Melrose
$6,500,000 USD
917-434-7707
686 Eagle Ave, Bronx, NY for Sale
$6,500,000 USD
Apartments - FOR SALE
1/17
null | 6.13% Cap Rate

686 Eagle Ave
Bronx, NY 10455
Melrose


HIGHLIGHTS

  • 35-Year 421a Tax Abatement
  • New Construction (2025)
  • Turnkey, low-maintenance asset in a prime South Bronx location

OVERVIEW

686 Eagle Ave — Premier New Construction with 35-Year 421a Tax Abatement - 35-Year 421a Tax Abatement — the ultimate advantage for long-term investors ($97, 176 Annual Savings) - Brand New Construction (2025) built with Supreme Durability built structurally of Concrete, Block, and Steel - Fully Leased to vetted tenants (voucher-backed, 650+ credit scores) - Generating strong market-rate rents in a high-demand rental corridor - Modern layouts and finishes designed for today’s renters - Turnkey, low-maintenance asset in a prime South Bronx location - Excellent proximity to public transit, parks, and shopping

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$590 USD /SF

# OF UNITS

13

PRICE/UNIT

$500,000

CAP RATE

6.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2025

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R6

APN/PARCEL ID

02624-0029

ASK ABOUT THIS PROPERTY

Anthony CalosAmo RealtyMore Info
917-434-7707

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Anthony CalosAmo RealtyMore Info
917-434-7707

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