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539 Van Nest Ave 6 Unit Apartment Building $2,075,400 CAD ($345,900 CAD/Unit) 8% Cap Rate Bronx, NY 10460
Investment Highlights
- Free market six family for sale, a walk-up multifamily property located in the Van Nest section of the Bronx
- Currently, two apartments are vacant, providing an incoming owner with an immediate opportunity to renovate and bring the units to market rent
- within walking distance of the East 180th Street subway station
- The property consists of two buildings on one lot containing a total of six apartments, comprised of three one-bedroom and three two-bedroom units
- The remaining apartments offer additional upside through future turnover and continued rental growth
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to arrange the sale of 539 Van Nest Avenue, a walk-up multifamily property located in the Van Nest section of the Bronx.
The property consists of two buildings on one lot containing a total of six apartments, comprised of three one-bedroom and three two-bedroom units. The property is fully free-market, with a letter from the New York State Division of Housing and Community Renewal (DHCR) confirming that the property does not fall under rent stabilization.
Currently, two apartments are vacant, providing an incoming owner with an immediate opportunity to renovate and bring the units to market rent. The remaining apartments offer additional upside through future turnover and continued rental growth.
The property is conveniently located within walking distance of the East 180th Street subway station, providing access to the 2 and 5 subway lines and convenient transportation throughout the Bronx and Manhattan.
The property consists of two buildings on one lot containing a total of six apartments, comprised of three one-bedroom and three two-bedroom units. The property is fully free-market, with a letter from the New York State Division of Housing and Community Renewal (DHCR) confirming that the property does not fall under rent stabilization.
Currently, two apartments are vacant, providing an incoming owner with an immediate opportunity to renovate and bring the units to market rent. The remaining apartments offer additional upside through future turnover and continued rental growth.
The property is conveniently located within walking distance of the East 180th Street subway station, providing access to the 2 and 5 subway lines and convenient transportation throughout the Bronx and Manhattan.
Property Facts
| Price | $2,075,400 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $345,900 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8% | Building Size | 3,360 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | R5, Bronx, (C2) | ||
| Price | $2,075,400 CAD |
| Price Per Unit | $345,900 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,360 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | R5, Bronx, (C2) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 04019-0031 | Improvements Assessment | $126,399 CAD |
| Land Assessment | $1,577 CAD | Total Assessment | $127,976 CAD |
Property Taxes
Parcel Number
04019-0031
Land Assessment
$1,577 CAD
Improvements Assessment
$126,399 CAD
Total Assessment
$127,976 CAD
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539 Van Nest Ave
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