USANYNew YorkPark Versailles–bronx River1265 Elder Avenue
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New
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$2,800,000

For Sale

5 hours ago

1265 Elder Avenue, New York, NY

House

MLS® 1037411

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $6,993
Days Active 0
Lot Size 0.0574 Acres
Approx. Age 1935
MLS® Number 1037411

Property Address: 1265 Elder Avenue, New York, NY, 10472

Average square foot calculated using Size range provided by listing agent.

Description

Fully renovated legal 8-unit free-market investment property! This turnkey, fully occupied property is situated in the Soundview/Parkchester area of the Bronx and offers strong existing income with exceptionally low owner expenses. The building consists of 7 studio apartments and 1 one-bedroom apartment, all free-market units. The entire property has been fully renovated with new finishes and systems throughout. The building is all electric, with tenants responsible for their own utilities. Each apartment features central heating and air conditioning through mini-split systems and its own dedicated hot water heater. Building features include 8 water heaters, 9 electric meters, parking can be utilized in the rear of the building with a shared driveway, and potential for additional parking income. Current rental income consists of 7 studios at $2, 440 per month each and 1 one-bedroom apartment at $2, 484 per month, generating total monthly income of $19, 564 and annual gross income of $234, 768. Annual operating expenses are approximately $18, 500, including $7, 000 in property taxes, $8, 000 in insurance, $2, 000 in water, and $1, 500 in common electric. Current Net Operating Income is approximately $216, 268 annually, representing an approximate 7.72% cap rate at the $2, 800, 000 asking price before any additional parking income. With tenants responsible for their own electric, heating, air conditioning, and hot water costs, owner expenses remain exceptionally low. A rare opportunity to acquire a fully renovated, fully occupied, income-producing multifamily property in the Bronx.
MLS® Number1037411
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1935
BasementFinished, See Remarks
DrivewayOther
Garage Spaces
HeatElectric
A/CCentral Air, Ductless, Electric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 11, 2026List Date
$2,800,000List Price
  • Commute

Commute

Starting Address
Destination Address
1265 Elder Avenue, New York, NY

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