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936 College Avenue Ave 16 Unit Apartment Building $7,545,131 CAD ($471,571 CAD/Unit) 7.46% Cap Rate Bronx, NY 10456
Investment Highlights
- Excellent location in the Concourse section of the Bronx, within walking distance of public transportation, Yankee Stadium, retail corridors, schools,
Executive Summary
Hillstone Properties NY is pleased to exclusively present this newly constructed five-story, 16-unit multifamily building in the heart of the Bronx.
Built in 2025, the property consists of 10 studio apartments and 6 one-bedroom apartments, totaling approximately 8,608 square feet on a 3,199-square-foot lot.
This all-electric building is delivered fully vacant, allowing an investor to lease at current market rents.
The property benefits from a 35-year 485-x tax abatement, resulting in exceptionally low operating expenses and strong long-term cash flow potential.
Ideally located near public transportation, Yankee Stadium, the Grand Concourse, shopping, restaurants, and major highways, this turnkey asset presents an outstanding opportunity to acquire a brand-new multifamily investment in one of the Bronx's strongest rental markets
Built in 2025, the property consists of 10 studio apartments and 6 one-bedroom apartments, totaling approximately 8,608 square feet on a 3,199-square-foot lot.
This all-electric building is delivered fully vacant, allowing an investor to lease at current market rents.
The property benefits from a 35-year 485-x tax abatement, resulting in exceptionally low operating expenses and strong long-term cash flow potential.
Ideally located near public transportation, Yankee Stadium, the Grand Concourse, shopping, restaurants, and major highways, this turnkey asset presents an outstanding opportunity to acquire a brand-new multifamily investment in one of the Bronx's strongest rental markets
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $7,545,131 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $471,571 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 7.46% | Building Size | 8,609 SF |
| No. Units | 16 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2026 |
| Property Subtype | Apartment | Cross Streets | East 165th Street |
| Zoning | R7-1 - R7-1 – Medium-Density Residential. The property is located in an established multifamily residential district that permits apartment buildings and sup | ||
| Price | $7,545,131 CAD |
| Price Per Unit | $471,571 CAD |
| Sale Type | Investment |
| Cap Rate | 7.46% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 8,609 SF |
| No. Stories | 5 |
| Year Built | 2026 |
| Cross Streets | East 165th Street |
| Zoning | R7-1 - R7-1 – Medium-Density Residential. The property is located in an established multifamily residential district that permits apartment buildings and sup |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
Site Amenities
- 24 Hour Access
- Security System
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
| 1+1 | 6 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02423-0057 | Total Assessment | $92,417 CAD (2026) |
| Land Assessment | $27,969 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $64,448 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
02423-0057
Land Assessment
$27,969 CAD (2026)
Improvements Assessment
$64,448 CAD (2026)
Total Assessment
$92,417 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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936 College Avenue Ave
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