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Free Market Bldg * Asm 4% Interest Only Loan 3910 Seton Ave 7 Unit Apartment Building $1,721,875 CAD ($245,982 CAD/Unit) 6.01% Cap Rate Bronx, NY 10466
Investment Highlights
- Free Market Building
- 6 Units plus 5 Garage Parking
- Assumable 10 Year Mortgage with 4.0% Interest-Only Terms
Executive Summary
NuRealty Advisors Inc. is proud to present the Exclusive Listing of 3910 Seton Avenue – Bronx, NY.
Located in a desirable residential neighborhood of the Bronx, this well-maintained brick multifamily building offers large apartment layouts and on-site parking. The property is a Free Market Building with the rare advantage of an Assumable Mortgage, creating an attractive opportunity for investors seeking stable cash flow with upside potential. Tremendous Upside Potential of over $85K in Rental Income.
________________________________________
Investment Highlights
• 6 Residential Units
• 5 Garage Spaces
Unit Mix
• 4 – Two Bedroom Apartments
• 2 – Three Bedroom Apartments
• 5 Garage Spaces
__________________________________
Assumable Mortgage Details
• Principal Balance: $850,000
• Interest Rate: 4.0%
• Loan Type: Interest Only
• Fixed Interest Period: 10 Years
The assumable financing structure significantly enhances investor returns in today’s rate environment.
________________________________________
Offering Price
$1,250,000
Located in a desirable residential neighborhood of the Bronx, this well-maintained brick multifamily building offers large apartment layouts and on-site parking. The property is a Free Market Building with the rare advantage of an Assumable Mortgage, creating an attractive opportunity for investors seeking stable cash flow with upside potential. Tremendous Upside Potential of over $85K in Rental Income.
________________________________________
Investment Highlights
• 6 Residential Units
• 5 Garage Spaces
Unit Mix
• 4 – Two Bedroom Apartments
• 2 – Three Bedroom Apartments
• 5 Garage Spaces
__________________________________
Assumable Mortgage Details
• Principal Balance: $850,000
• Interest Rate: 4.0%
• Loan Type: Interest Only
• Fixed Interest Period: 10 Years
The assumable financing structure significantly enhances investor returns in today’s rate environment.
________________________________________
Offering Price
$1,250,000
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$194,542
|
$36.76
|
| Other Income |
$5,166
|
$0.98
|
| Vacancy Loss |
$5,836
|
$1.10
|
| Effective Gross Income |
$193,871
|
$36.63
|
| Taxes |
$39,453
|
$7.46
|
| Operating Expenses |
$50,998
|
$9.64
|
| Total Expenses |
$90,451
|
$17.09
|
| Net Operating Income |
$103,420
|
$19.54
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $194,542 |
| Annual Per SF | $36.76 |
| Other Income (CAD) | |
|---|---|
| Annual | $5,166 |
| Annual Per SF | $0.98 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,836 |
| Annual Per SF | $1.10 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $193,871 |
| Annual Per SF | $36.63 |
| Taxes (CAD) | |
|---|---|
| Annual | $39,453 |
| Annual Per SF | $7.46 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $50,998 |
| Annual Per SF | $9.64 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $90,451 |
| Annual Per SF | $17.09 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $103,420 |
| Annual Per SF | $19.54 |
Property Facts
| Price | $1,721,875 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $245,982 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.01% | Building Size | 5,292 SF |
| Gross Rent Multiplier | 8.88 | No. Stories | 3 |
| No. Units | 7 | Year Built | 1931 |
| Property Type | Multifamily | Parking Ratio | 0.94/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4-1 | ||
| Price | $1,721,875 CAD |
| Price Per Unit | $245,982 CAD |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| Gross Rent Multiplier | 8.88 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,292 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | R4-1 |
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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 756 |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 04961-0001 | Total Assessment | $328,719 CAD |
| Land Assessment | $5,997 CAD | Annual Taxes | $39,453 CAD ($7.46 CAD/SF) |
| Improvements Assessment | $322,722 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
04961-0001
Land Assessment
$5,997 CAD
Improvements Assessment
$322,722 CAD
Total Assessment
$328,719 CAD
Annual Taxes
$39,453 CAD ($7.46 CAD/SF)
Tax Year
2025
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Free Market Bldg * Asm 4% Interest Only Loan | 3910 Seton Ave
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