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2169 Hone Ave
Bronx, NY 10461
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Contemporary 4-story apartment building constructed in 2015.
- Located in Bronxdale, a highly walkable neighborhood with access to retail, dining, and community amenities.
- Well-maintained building systems, including separate utilities and modern mechanicals.
- Includes a total of 10 residential units with an efficient layout mix.
- Benefits from a 421a 15-year tax exemption reducing annual tax obligations.
- Proximity to major roadways, Bronx River Parkway, Pelham Parkway, and robust public transportation options.
Executive Summary
2169 Hone Avenue represents a contemporary multifamily investment opportunity in the dense and transit-accessible neighborhood of Bronxdale within the Bronx. Constructed in 2015, this four-story walk-up building encompasses 8,775 square feet and offers ten well-configured apartments. The property benefits from a 421a 15-year tax exemption through 2030, significantly reducing the operational tax burden and enhancing bottom-line performance for investors.
The unit mix includes studio, one-bedroom, two-bedroom, and three-bedroom layouts with strong average monthly rents. Positioned between Pelham Parkway South and Esplanade, the location offers excellent walkability and access to essential retail, healthcare institutions, and educational facilities. Major transportation infrastructure such as the Bronx River Parkway and Pelham Parkway ensures strong connectivity to Manhattan and Westchester County.
With an in-place annual income of approximately $250,800, a low operating expense ratio, and a competitive cap rate, this asset provides a stable, income-generating platform for long-term hold strategies or yield-driven investors.
The unit mix includes studio, one-bedroom, two-bedroom, and three-bedroom layouts with strong average monthly rents. Positioned between Pelham Parkway South and Esplanade, the location offers excellent walkability and access to essential retail, healthcare institutions, and educational facilities. Major transportation infrastructure such as the Bronx River Parkway and Pelham Parkway ensures strong connectivity to Manhattan and Westchester County.
With an in-place annual income of approximately $250,800, a low operating expense ratio, and a competitive cap rate, this asset provides a stable, income-generating platform for long-term hold strategies or yield-driven investors.
Property Facts
| Price Per Unit | $379,442 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7.13% | Lot Size | 0.09 AC |
| No. Units | 10 | Building Size | 8,008 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2017 |
| Zoning | R6 - Medium density residential district | ||
| Price Per Unit | $379,442 CAD |
| Sale Type | Investment |
| Cap Rate | 7.13% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 8,008 SF |
| No. Stories | 4 |
| Year Built | 2017 |
| Zoning | R6 - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Property Taxes
| Parcel Number | 04328-0019 | Improvements Assessment | $1,252,147 CAD |
| Land Assessment | $41,199 CAD | Total Assessment | $1,293,346 CAD |
Property Taxes
Parcel Number
04328-0019
Land Assessment
$41,199 CAD
Improvements Assessment
$1,252,147 CAD
Total Assessment
$1,293,346 CAD
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