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1450 E Gun Hill Rd 9 Unit Apartment Building $3,420,004 CAD ($380,000 CAD/Unit) 8.56% Cap Rate Bronx, NY 10469
INVESTMENT HIGHLIGHTS
- Heavy Daytime Foot Traffic
- Close Proximity to The Mall at Bay Plaza
- Walking Distance to the 5 Train
EXECUTIVE SUMMARY
Prime Mixed-Use Investment Opportunity in Pelham Gardens, Bronx
For Sale: 1450 E Gun Hill Rd, Bronx, NY 10469 – a high-income-producing mixed-use property in the heart of Pelham Gardens. This four-story corner building features 9 residential apartments, 3 retail storefronts, 1 office, a social club, and 6 garage spaces with additional storage. With 13,533 SF of space, 53.5’ of frontage, and zoning of R6B, C2-3, this asset offers both stability and growth potential.
A rare opportunity to acquire a well-positioned, turnkey investment in a thriving neighborhood!
For Sale: 1450 E Gun Hill Rd, Bronx, NY 10469 – a high-income-producing mixed-use property in the heart of Pelham Gardens. This four-story corner building features 9 residential apartments, 3 retail storefronts, 1 office, a social club, and 6 garage spaces with additional storage. With 13,533 SF of space, 53.5’ of frontage, and zoning of R6B, C2-3, this asset offers both stability and growth potential.
A rare opportunity to acquire a well-positioned, turnkey investment in a thriving neighborhood!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$497,622
|
$36.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$838
|
$0.06
|
| Effective Gross Income |
$496,784
|
$36.71
|
| Taxes |
$121,738
|
$9.00
|
| Operating Expenses |
$82,277
|
$6.08
|
| Total Expenses |
$204,015
|
$15.08
|
| Net Operating Income |
$292,769
|
$21.63
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $497,622 |
| Annual Per SF | $36.77 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $838 |
| Annual Per SF | $0.06 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $496,784 |
| Annual Per SF | $36.71 |
| Taxes (CAD) | |
|---|---|
| Annual | $121,738 |
| Annual Per SF | $9.00 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $82,277 |
| Annual Per SF | $6.08 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $204,015 |
| Annual Per SF | $15.08 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $292,769 |
| Annual Per SF | $21.63 |
PROPERTY FACTS
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (85)
PROPERTY TAXES
| Parcel Number | 04567-0100 | Total Assessment | $1,047,815 CAD |
| Land Assessment | $190,281 CAD | Annual Taxes | $121,738 CAD ($9.00 CAD/SF) |
| Improvements Assessment | $857,534 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
04567-0100
Land Assessment
$190,281 CAD
Improvements Assessment
$857,534 CAD
Total Assessment
$1,047,815 CAD
Annual Taxes
$121,738 CAD ($9.00 CAD/SF)
Tax Year
2025
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1450 E Gun Hill Rd
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