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1950 Daly Ave
Bronx, NY 10460
Multifamily Property For Sale
·
62 Units
Investment Highlights
- Six-story elevator building with 62 total units, including 55 residential apartments, 6 ground-floor retail stores, and 1 non-profit space.
- Excellent access to public transportation with multiple bus lines and nearby subway service along the White Plains Road corridor.
- Located on a high-visibility corner along East Tremont Avenue in the Bronx, within an R7-1/C1-4 zoning district.
Executive Summary
920–928 East Tremont Avenue, Bronx, NY -Also known as 1950 Daly Avenue, Team Lala of RM Friedland is pleased to exclusively present the opportunity to acquire this six-story elevator serviced mixed-use building consisting of 62 total units, including 55 residential apartments,6 ground-floor storefronts (5 tenants), plus a first floor non-profit space.
The building features spacious common areas, including a lobby with original details and terrazzo floors, keyfob digital entry,anintercom directory, a classic elevator cab, and two steel and marble stairwells. Systems include new gas lines and meters installed approximately four years ago, circuit breakers throughout with apartment subpanels, a dual-fuel boiler (currently on gas), a 5,000-gallon above-ground oil tank, and a rubber roof with many replaced coping stones and some new metal flashing along the parapet.
Residents benefit from an active commercial corridor with continuous ground-floor retail and heavy pedestrian traffic. The area is served by multiple bus lines along East Tremont Avenue and nearby subway service along the White Plains Road corridor.
This offering presents the opportunity to acquire a sizable corner elevator asset with residential scale, commercial diversification, and long-term upside potential in a well-established Bronx corridor.
The building features spacious common areas, including a lobby with original details and terrazzo floors, keyfob digital entry,anintercom directory, a classic elevator cab, and two steel and marble stairwells. Systems include new gas lines and meters installed approximately four years ago, circuit breakers throughout with apartment subpanels, a dual-fuel boiler (currently on gas), a 5,000-gallon above-ground oil tank, and a rubber roof with many replaced coping stones and some new metal flashing along the parapet.
Residents benefit from an active commercial corridor with continuous ground-floor retail and heavy pedestrian traffic. The area is served by multiple bus lines along East Tremont Avenue and nearby subway service along the White Plains Road corridor.
This offering presents the opportunity to acquire a sizable corner elevator asset with residential scale, commercial diversification, and long-term upside potential in a well-established Bronx corridor.
Property Facts
| Price Per Unit | $118,711 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 12.10% | Lot Size | 0.32 AC |
| No. Units | 62 | Building Size | 64,440 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 1929 |
| Zoning | R7-1 - R7-1 | ||
| Price Per Unit | $118,711 CAD |
| Sale Type | Investment |
| Cap Rate | 12.10% |
| No. Units | 62 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 64,440 SF |
| No. Stories | 6 |
| Year Built | 1929 |
| Zoning | R7-1 - R7-1 |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 62 | - | - |
Property Taxes
| Parcel Number | 02992-0043 | Improvements Assessment | $1,897,590 CAD |
| Land Assessment | $256,614 CAD | Total Assessment | $2,154,203 CAD |
Property Taxes
Parcel Number
02992-0043
Land Assessment
$256,614 CAD
Improvements Assessment
$1,897,590 CAD
Total Assessment
$2,154,203 CAD
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