Presenting 915 Eagle Ave, a rare opportunity to acquire a fully stabilized, 10 unit multi family property in the heart of the Bronx.


Property

Website: https://www.nestseekers.com/5274688
Address:
New York, NY 10456
Ownership: For Sale
Type: Multi-Family
Lot Size: 0.1 Acres

Financials

Price:$2,150,000
Annual Taxes:$494

Description

Presenting 915 Eagle Ave, a rare opportunity to acquire a fully stabilized, 10-unit multi-family property in the heart of the Bronx. Built in 2018, this newer construction building offers immediate cash flow with 100% occupancy and a strong NOI at $190K - yielding a 7.6% cap rate. Property features 4 studio units, 5 one-bedroom/one-bathroom units, and 1 two-bedroom/two-bathroom unit totaling 6,762 SF. All units feature hardwood floors and full kitchens, appealing to a broad tenant base with consistent rental demand. Additional benefits include a 35-year 421-a Real Estate Tax Abatement, providing significant tax savings and enhancing investment returns. Perfect for 1031 exchange investors seeking turnkey, cash-flowing assets with tax advantages. Rare find in today's market.

Amenities

  • Electricity Available
  • Natural Gas Available

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of Voro LLC