Bronx Multifamily Investment Opportunity 949 Ogden Ave 26 Unité Immeuble d’appartements 3 699 486 $ CAD (142 288 $ CAD/Unité) 10,16% Taux de capitalisation Bronx, NY 10452

949 Ogden Avenue in the Bronx, NY 10452 is a 26-unit mixed-use multifamily building located in the Highbridge section of the Bronx, just minutes from Yankee Stadium, the Major Deegan Expressway, and the B, D, and 4 subway lines. This pre-war brick property combines a strong mix of Section 8, HPD, and Rent Stabilized income with two ground-floor commercial spaces, offering investors both reliable cash flow and long-term upside. As of September 2025, the property generates a gross annual income of $533,364 against total operating expenses of $259,147, resulting in a net operating income of $274,217 and an in-place cap rate of 8.57 percent. Major expenses include taxes of $92,496, insurance at $50,000, water costs of $30,842, maintenance and superintendent services totaling $32,500, and heating costs of $53,309. The building features a mix of one-, two-, and three-bedroom apartments, most occupied by Section 8 or HPD tenants, with a few Rent Stabilized units providing additional long-term security and turnover potential. Two commercial tenants—a church paying $1,664 per month under a lease expiring September 2028 and a deli paying $3,190 per month under a lease expiring May 2028—add income diversity and stability to the asset. The property is professionally managed with an on-site superintendent, and current vacancy is minimal. Highbridge is one of the Bronx’s fastest-improving neighborhoods, benefiting from public and private investment, improved retail corridors, and strong rental demand driven by proximity to Manhattan. The area offers excellent transportation access, neighborhood amenities, and consistent tenant demand. 949 Ogden Avenue presents an opportunity to acquire a well-maintained, cash-flowing building with government-backed rental income, stable occupancy, and room for future rent growth as units naturally turn over. This asset provides investors with a secure 8.57 percent return, operational efficiency, and long-term appreciation potential in a high-demand Bronx submarket.