1933 Marmion Avenue
New York, NY 10460

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.1 Acres

Financials

Price:$1,900,000
Annual Taxes:$38,121.42
505 Park Ave, New York, NY 10022
Listing Courtesy of Charles Rutenberg Realty, Inc.

An income producing multifamily investment opportunity located in the established East Tremont section of the Bronx.

Description

An income-producing multifamily investment opportunity located in the established East Tremont section of the Bronx. This five-story, prewar walk-up property offers 16 rent-stabilized residential apartments, reported superintendent’s quarters, and a commercial component that may provide an additional source of income. Situated on a corner parcel within a densely populated residential neighborhood, the property benefits from its proximity to active commercial corridors, including East Tremont Avenue and Southern Boulevard. These thoroughfares serve as important neighborhood destinations for shopping, dining, convenience retail, and everyday services. The surrounding area features a mix of multifamily apartment buildings, neighborhood storefronts, small businesses, and community amenities. Public transportation access, including nearby 2 and 5 subway services, supports connectivity to other Bronx neighborhoods and Manhattan. With its established rental housing base, potential retail income, and reported 8.5% capitalization rate, 1933 Marmion Avenue presents an opportunity for investors seeking a Bronx multifamily asset with a neighborhood-oriented, mixed-use profile.

Amenities

  • Cable Connected
  • Electricity Connected
  • Phone Connected
  • Water Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.