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716 E 234th St 9 Unit Apartment Building $3,938,548 CAD ($437,616 CAD/Unit) 8.02% Cap Rate Bronx, NY 10466
Executive Summary
9 Unit Multi-Family ,Young Construction (2013), fully occupied property. 100% collections
+8% CAP FROM DAY ONE! PROJECTED 12 CAP on 421a Expiration (2033)
Don't think I need to say anything else to sell this property.
You tell me
+8% CAP FROM DAY ONE! PROJECTED 12 CAP on 421a Expiration (2033)
Don't think I need to say anything else to sell this property.
You tell me
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$364,289
|
$49.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$364,289
|
$49.44
|
| Taxes |
$2,526
|
$0.34
|
| Operating Expenses |
$45,803
|
$6.22
|
| Total Expenses |
$48,329
|
$6.56
|
| Net Operating Income |
$315,960
|
$42.88
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $364,289 |
| Annual Per SF | $49.44 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $364,289 |
| Annual Per SF | $49.44 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,526 |
| Annual Per SF | $0.34 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $45,803 |
| Annual Per SF | $6.22 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $48,329 |
| Annual Per SF | $6.56 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $315,960 |
| Annual Per SF | $42.88 |
Property Facts
| Price | $3,938,548 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $437,616 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 8.02% | Building Size | 7,368 SF |
| Gross Rent Multiplier | 10.8 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2013 |
| Property Subtype | Apartment | ||
| Zoning | R5 - Medium density district with a height limit of 40 feet | ||
| Price | $3,938,548 CAD |
| Price Per Unit | $437,616 CAD |
| Sale Type | Investment |
| Cap Rate | 8.02% |
| Gross Rent Multiplier | 10.8 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 7,368 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2013 |
| Zoning | R5 - Medium density district with a height limit of 40 feet |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (90)
Property Taxes
| Parcel Number | 04997-0069 | Total Assessment | $746,219 CAD (2025) |
| Land Assessment | $41,279 CAD (2025) | Annual Taxes | $2,526 CAD ($0.34 CAD/SF) |
| Improvements Assessment | $704,940 CAD (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
04997-0069
Land Assessment
$41,279 CAD (2025)
Improvements Assessment
$704,940 CAD (2025)
Total Assessment
$746,219 CAD (2025)
Annual Taxes
$2,526 CAD ($0.34 CAD/SF)
Tax Year
2023
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716 E 234th St
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