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2104 Hughes Ave 5 Unit Apartment Building $1,914,976 CAD ($382,995 CAD/Unit) 6.30% Cap Rate Bronx, NY 10457



Investment Highlights
- Protected Tax Class 2A
- Five free-market residential units with upsides on rental income.
- Zoned R6, the property contains 3,750 square feet of existing building area with a maximum buildable potential of 8,177 square feet
Executive Summary
Asset CRG Advisors, LLC, has been exclusively retained to market a three-story multifamily property located in the Belmont neighborhood of the Bronx. Sitting on a 2,377-square-foot lot, the building features five residential units across 3,750 square feet, providing a stable foundation for an investor seeking immediate cash flow in one of the borough’s most active rental markets. With a maximum buildable area of 8,177 square feet, the property also offers significant long-term upside for expansion or redevelopment.
Located just off Arthur Avenue—one of New York City’s most celebrated dining and cultural corridors—the property benefits from exceptional neighborhood amenities, including local retailers, markets, schools, and parks. Transit access further enhances its appeal, with the Tremont Avenue station (B & D lines) and multiple bus routes providing direct connections across the Bronx and into Manhattan. This offering represents a rare opportunity for investors or developers looking to secure a well-located asset with both strong in-place potential and future growth possibilities.
Located just off Arthur Avenue—one of New York City’s most celebrated dining and cultural corridors—the property benefits from exceptional neighborhood amenities, including local retailers, markets, schools, and parks. Transit access further enhances its appeal, with the Tremont Avenue station (B & D lines) and multiple bus routes providing direct connections across the Bronx and into Manhattan. This offering represents a rare opportunity for investors or developers looking to secure a well-located asset with both strong in-place potential and future growth possibilities.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$273,853
|
$72.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$273,853
|
$72.83
|
| Taxes |
$15,202
|
$4.04
|
| Operating Expenses |
$51,409
|
$13.67
|
| Total Expenses |
$66,611
|
$17.72
|
| Net Operating Income |
$207,241
|
$55.12
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $273,853 |
| Annual Per SF | $72.83 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $273,853 |
| Annual Per SF | $72.83 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,202 |
| Annual Per SF | $4.04 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $51,409 |
| Annual Per SF | $13.67 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $66,611 |
| Annual Per SF | $17.72 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $207,241 |
| Annual Per SF | $55.12 |
Property Facts
| Price | $1,914,976 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $382,995 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.30% | Building Size | 3,760 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R7-1 - Medium-density apartment house district with lower parking requirements | ||
| Price | $1,914,976 CAD |
| Price Per Unit | $382,995 CAD |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,760 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R7-1 - Medium-density apartment house district with lower parking requirements |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03081-0001 | Total Assessment | $612,680 CAD |
| Land Assessment | $231,443 CAD | Annual Taxes | $15,202 CAD ($4.04 CAD/SF) |
| Improvements Assessment | $381,237 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
03081-0001
Land Assessment
$231,443 CAD
Improvements Assessment
$381,237 CAD
Total Assessment
$612,680 CAD
Annual Taxes
$15,202 CAD ($4.04 CAD/SF)
Tax Year
2025
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2104 Hughes Ave
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