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2476 Arthur Avenue 2476 Arthur Ave 11 Unit Apartment Building $3,007,510 CAD ($273,410 CAD/Unit) 7.18% Cap Rate Bronx, NY 10458
Investment Highlights
- Prime corner lot in the heart of Belmont, a historic and culturally rich Bronx neighborhood
- Located between East 188th and East 189th Streets, steps from Arthur Avenue’s renowned dining and retail corridor
Executive Summary
The 4-story residential building for sale is located in the Belmont neighborhood of the Bronx, close to all. The building is 7,000 square feet, comprised of 10 residential apartments and 1 commercial unit. Corner lot, semi-attached, brick, nestled on a 25' x 80' lot. Located at 2476 Arthur Ave between East 188th Street and East 189th Street. Great income-producing investment opportunity awaits you in a historic, coveted part of town. Welcome All.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$293,934
|
$41.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$293,934
|
$41.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$78,065
|
$11.15
|
| Net Operating Income |
$215,868
|
$30.84
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $293,934 |
| Annual Per SF | $41.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $293,934 |
| Annual Per SF | $41.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $78,065 |
| Annual Per SF | $11.15 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $215,868 |
| Annual Per SF | $30.84 |
Property Facts
| Price | $3,007,510 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $273,410 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 7.18% | Building Size | 7,000 SF |
| No. Units | 11 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R6, C2-4 - Residential | ||
| Price | $3,007,510 CAD |
| Price Per Unit | $273,410 CAD |
| Sale Type | Investment |
| Cap Rate | 7.18% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 7,000 SF |
| No. Stories | 4 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R6, C2-4 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Tenant Controlled HVAC
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 9 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (96)
Property Taxes
| Parcel Number | 03077-0043 | Improvements Assessment | $240,434 CAD (2025) |
| Land Assessment | $4,114 CAD (2025) | Total Assessment | $244,548 CAD (2025) |
Property Taxes
Parcel Number
03077-0043
Land Assessment
$4,114 CAD (2025)
Improvements Assessment
$240,434 CAD (2025)
Total Assessment
$244,548 CAD (2025)
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Apex Realty
2476 Arthur Avenue | 2476 Arthur Ave
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