3029 Bronxwood Ave
16 Unit Apartment Building $8,651,400 CAD ($540,713 CAD/Unit) 6.24% Cap Rate Bronx, NY 10469
INVESTMENT HIGHLIGHTS
- Equipped with security cameras throughout for tenant safety.
- 52 feet of frontage, spanning approximately 9,972 gross SF.
EXECUTIVE SUMMARY
Two brand-new construction buildings with impressive frontage of 52 feet, spanning approximately 9,972 gross square feet. There are 16 units in this buildings, including 6 studios and 10 one-bedroom apartments. All utilities (electric) are separately metered, ensuring reduced operating costs for ownership. Features individual water heaters for each unit, eliminating the need for a central boiler. Equipped with security cameras throughout the interior and exterior for tenant safety. Benefiting from a preserved 35-year tax benefit, ensuring long-term financial advantages.
PROPERTY FACTS
| Price | $8,651,400 CAD |
| Price Per Unit | $540,713 CAD |
| Sale Type | Investment |
| Cap Rate | 6.24% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Lot Size | 0.07 AC |
| Building Size | 9,972 SF |
| No. Stories | 4 |
| Year Built | 2023 |
SITE AMENITIES
- 24 Hour Access
1 of 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (91)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 03758-0038 | Improvements Assessment | $148,248 CAD |
| Land Assessment | $58,366 CAD | Total Assessment | $206,615 CAD |
ZONING
| Zoning Code | R6 |
