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365 E 197th St 3 Unit Apartment Building $3,238,629 CAD ($1,079,543 CAD/Unit) 9.12% Cap Rate Bronx, NY 10458
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 6,200+ Sqft. Free Market Corner Mixed-Use Building/Development Site With R7B Zoning For Sale!!!
- The Property Is Located In The Heart Of The Bronx In Between Grand Concourse & Webster Ave. Right Near Fordham University!!!
- The Entire Property Can Be Delivered Vacant If Need Be.
- The Property Features Great Exposure, Excellent Signage, R7B Zoning, 10 Parking Spaces, High 8’ Ceilings, (3) 3 Br. Apts., 5 Car Garage,+++!!!
- The Building Is Situated On A HUGE 6,000+ Sqft. Lot!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 6,200+ Sqft. Free Market Corner Mixed-Use Building/Development Site With R7B Zoning For Sale!!! The Property Features Great Exposure, Excellent Signage, R7B Zoning, 10 Parking Spaces, High 8’ Ceilings, (3) 3 Br. Apts., 4 Stories, 5 Car Garage, Full Basement, Low Property Taxes, All New LED Lighting, 200 Amp Power, +++!!! The Property Is Located In The Heart Of The Bronx In Between Grand Concourse & Webster Ave. Right Near Fordham University!!! The Building Is Situated On A HUGE 6,000+ Sqft. Lot!!! Neighbors Include The Bronx Zoo, Starbucks, Chase Bank, TD Bank, Target, P.C. Richard & Son, CubeSmart Self Storage, Dunkin’, AutoZone, Burlington, T.J. Maxx, Skechers, Walgreens, Chick-fil-A, Auntie Anne’s, Krispy Kreme, White Castle, Midas, Five Below, Family Dollar, Aldi, +++!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Apt. 1 (3 Br., 2 Bath): $45,600 Ann. (Available)
Apt. 2 (3 Br., 1.5 Bath): $46,800 Ann. (Available)
Apt. 3 (3 Br., 1.5 Bath): $43,600 Ann. (Available)
5 Car Garage: $62,800 Ann. (Available)
10 Parking Spaces: $36,000 Ann. (Available)
Pro Forma Gross Income: $234,800 Ann.
Expenses:
Oil: $4,000 Ann.
Electric: $890 Ann. (Hallway Only)
Insurance: $3,845 Ann.
Taxes: $8,688 Ann.
Water & Sewer: $2,823 Ann.
Total Expenses: $20,496 Ann.
Net Operating Income (NOI): $214,304 Ann. (Pro Forma 9.12 Cap!!!)
Income:
Apt. 1 (3 Br., 2 Bath): $45,600 Ann. (Available)
Apt. 2 (3 Br., 1.5 Bath): $46,800 Ann. (Available)
Apt. 3 (3 Br., 1.5 Bath): $43,600 Ann. (Available)
5 Car Garage: $62,800 Ann. (Available)
10 Parking Spaces: $36,000 Ann. (Available)
Pro Forma Gross Income: $234,800 Ann.
Expenses:
Oil: $4,000 Ann.
Electric: $890 Ann. (Hallway Only)
Insurance: $3,845 Ann.
Taxes: $8,688 Ann.
Water & Sewer: $2,823 Ann.
Total Expenses: $20,496 Ann.
Net Operating Income (NOI): $214,304 Ann. (Pro Forma 9.12 Cap!!!)
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$323,587
|
$52.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$323,587
|
$52.02
|
| Taxes |
$11,973
|
$1.92
|
| Operating Expenses |
$16,273
|
$2.62
|
| Total Expenses |
$28,246
|
$4.54
|
| Net Operating Income |
$295,341
|
$47.48
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $323,587 |
| Annual Per SF | $52.02 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $323,587 |
| Annual Per SF | $52.02 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,973 |
| Annual Per SF | $1.92 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,273 |
| Annual Per SF | $2.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,246 |
| Annual Per SF | $4.54 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $295,341 |
| Annual Per SF | $47.48 |
Property Facts
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Security System
- Tenant Controlled HVAC
- Storage Space
- Bicycle Storage
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | - | - |
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 03283-0097 | Total Assessment | $63,185 CAD |
| Land Assessment | $14,825 CAD | Annual Taxes | $11,973 CAD ($1.92 CAD/SF) |
| Improvements Assessment | $48,360 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
03283-0097
Land Assessment
$14,825 CAD
Improvements Assessment
$48,360 CAD
Total Assessment
$63,185 CAD
Annual Taxes
$11,973 CAD ($1.92 CAD/SF)
Tax Year
2026
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365 E 197th St
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