Log In/Sign Up
Your email has been sent.
772 E 182nd St 18 Unit Apartment Building $8,968,635 CAD ($498,257 CAD/Unit) 8.15% Cap Rate Bronx, NY 10460
Investment Highlights
- 8% cap in place | 2023 New Construction | 32 Years tax abatement remaining
Executive Summary
This newly constructed seven-story elevator building offers a compelling investment opportunity in the Bronx. Completed in 2023, the property is comprised of 18 rent-stabilized apartments and comes with a 32-year tax abatement, significantly enhancing its appeal for long-term investors. The building provides in-place cash flow with an approximate 8% CAP rate and minimal maintenance requirements thanks to its recent build.
The location is highly advantageous—situated near the Bronx Zoo, New York Botanical Garden, and Fordham University, with easy access to the Fordham Road commercial corridor. Excellent connectivity to public transportation and proximity to retail, dining, and cultural landmarks make this a sought-after address for residents. With neighborhood amenities and infrastructure promoting consistent demand, this asset aligns well with stable income generation and future appreciation prospects.
The location is highly advantageous—situated near the Bronx Zoo, New York Botanical Garden, and Fordham University, with easy access to the Fordham Road commercial corridor. Excellent connectivity to public transportation and proximity to retail, dining, and cultural landmarks make this a sought-after address for residents. With neighborhood amenities and infrastructure promoting consistent demand, this asset aligns well with stable income generation and future appreciation prospects.
Property Facts
| Price | $8,968,635 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $498,257 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 8.15% | Building Size | 16,800 SF |
| No. Units | 18 | No. Stories | 7 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | ||
| Zoning | R7-1 - Residential Multi-Family | ||
| Price | $8,968,635 CAD |
| Price Per Unit | $498,257 CAD |
| Sale Type | Investment |
| Cap Rate | 8.15% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 16,800 SF |
| No. Stories | 7 |
| Year Built | 2023 |
| Zoning | R7-1 - Residential Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- 24 Hour Access
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 9 | - | - |
| 3+2 | 4 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 03110-0061 | Improvements Assessment | $1,661,348 CAD |
| Land Assessment | $185,147 CAD | Total Assessment | $1,846,495 CAD |
Property Taxes
Parcel Number
03110-0061
Land Assessment
$185,147 CAD
Improvements Assessment
$1,661,348 CAD
Total Assessment
$1,846,495 CAD
Contact
-
Lina Shi -
S10 Realty Group LLC
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
772 E 182nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.