MLS#979599
STATUSActive
PROPERTY TYPECommercial -
Property Description
Calling All Investors, Developers & End-Users!!! 11 Unit Bronx Apartment Building Near Westchester Ave. For Sale!!! The Building Features Excellent Signage, Great Exposure, C4-2 (R6 Equivalent) Zoning, High 9' Ceilings, (11) 3 Br. Apartments, 5 Stories, Large Rear Yard, All New LED Lighting, 3 Phase Power, A/C, +++!!!! The Property Is Located In The Heart Of Park Versailles Just Off Busy Westchester Avenue!!! The Property Is Situated Between The Bronx River Pkwy., I-95, I-278 & Sheridan Blvd.!!! Neighbors Include Chase Bank, Bank Of America, Verizon, T-Mobile, AT & T, Extra Space Storage, CubeSmart Self Storage, Boost Mobile, CVS, Dunkin', CityMD, Shell, BP Gas, Foot Locker, Cookie's Department Stores, McDonald's, Burger King, Papa John's, Domino's, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!Income:Unit 1 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 11/30/26. Unit 2 (3 Br. Apt.): $27,710.04 Ann. Lease Exp.: 11/30/27.Unit 3 (3 Br. Apt.): $26,694.48 Ann.; Lease Exp.: 10/31/27.Unit 4 (3 Br. Apt.): $13,501.20 Ann.; Lease Exp.: 7/31/27.Unit 5 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 12/31/26. Unit 6 (3 Br. Apt.): $31,866.24 Ann.; Lease Exp.: 11/30/26. Unit 7 (3 Br. Apt.): $18,014.16 Ann.; Lease Exp.: 12/31/27. Unit 8 (3 Br. Apt.): $21,845.88 Ann.; Lease Exp.: 8/14/27. Unit 9 (3 Br. Apt.): $29,925.12 Ann.; Lease Exp.: 3/31/26.Unit 10 (3 Br. Apt.): $25,299.72 Ann.; Lease Exp.: 11/30/26.Unit 11 (3 Br. Apt.): $23,789.88 Ann.; Lease Exp.: 10/31/27. Gross Income: $266,388 Ann.Expenses:Gas: $21,865.40 Ann.Electric: $2,500 Ann. (Common Areas Only) Maintenance & Repairs: $5,500 Ann.Insurance: $10,000 Ann.Water & Sewer: $14,317.93 Ann.Taxes: $22,166.32 Ann.Total Expenses: $76,349.65 Ann. Net Operating Income (NOI): $190,038.35 Ann. (9.75 Cap!!!)
Property Features
Property Type: Commercial -
Cooling: Multi Units
Heating: Oil
Lot Size: 0.09 Acres
Stories: 5.0
Taxes: $22,166
Year Built: 1913
Feature Descriptions
Building Area Total: 16200
Business Type: Residential
Days on Site: 15
Exterior: Brick, Frame
On Market Date: 2026-04-01
Parcel Number: 03772-0062
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 11
Utilities: See Remarks
Water: Public
Listed By / Shown By
Listing By
Agency Name: All Island Estates Realty Corp
Agency Contact: 516-783-5600
Shown By
Agent Name: Sheikh Ahmed
Agent Phone: (917) 325-0619
Agency Title: Coldwell Banker American Homes
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1215 Elder Avenue | MLS# 979599
This commercial property located at 1215 Elder Avenue, Bronx, NY 10472 is currently listed for sale with an asking price of $1,950,000. Search Bronx real estate on sheikhahmed.cbamhomes.com today.