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Investment Highlights

  • Young High Quality Construction
  • 35 Year Tax Abatement in Place until 2054

Executive Summary

Introducing 1072 University Avenue - a rare, young-construction 10-family building boasting nearly 7,000 square feet of well-designed, income-producing space in the rapidly developing Highbridge section of the Bronx. Built with quality craftsmanship and long-term durability, this modern asset offers investors a hassle-free opportunity with strong upside potential. The building features a diverse unit mix ideal for the area's rental demand: 4 spacious studios, 5 one-bedrooms, and 1 two-bedroom duplex unit, all thoughtfully laid out with contemporary finishes and excellent natural light. The property can be delivered with up to 7 vacant units, allowing an incoming investor to raise rents, improve cash flow, or reposition the asset according to their investment strategy. Located just minutes from Yankee Stadium, the 4, B, and D subway lines, as well as major highways, this property offers tenants unparalleled access to Manhattan, local retail, parks, and schools - making it a highly desirable location for renters and a smart acquisition for investors. Key Highlights: 1) Young construction - low-maintenance asset with modern systems 2)Nearly 7,000K SQFT across 10 residential units 3) Desirable unit mix: 4 studios, 5 one-bedrooms, 1 two-bedroom 4) Potential to be delivered with 7 vacancies - rare value-add opportunity 5) Prime Highbridge location near transit, retail, and entertainment 6) Strong fundamentals with future rent growth potential Whether you're seeking to add a high-quality Bronx asset to your portfolio or looking for a value-driven investment in a thriving rental market, 1072 University Ave is a rare opportunity worth pursuing.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $200,746 $29.09
Other Income - -
Vacancy Loss - -
Effective Gross Income $200,746 $29.09
Taxes $129 $0.02
Operating Expenses $32,180 $4.66
Total Expenses $32,309 $4.68
Net Operating Income $168,437 $24.41

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $200,746
Annual Per SF $29.09
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $200,746
Annual Per SF $29.09
Taxes
Annual $129
Annual Per SF $0.02
Operating Expenses
Annual $32,180
Annual Per SF $4.66
Total Expenses
Annual $32,309
Annual Per SF $4.68
Net Operating Income
Annual $168,437
Annual Per SF $24.41

Property Facts

Price $2,000,000
Price Per Unit $200,000
Sale Type Investment
Cap Rate 8.42%
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.06 AC
Building Size 6,900 SF
Average Occupancy 90%
No. Stories 4
Year Built/Renovated 2018/2022
Opportunity Zone Yes
Zoning R7-1

Amenities

Unit Amenities

  • Heating
  • Bay Window
  • Tile Floors
  • Eat-in Kitchen
  • Sprinkler System
  • Views
  • Freezer

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 4 - -
Walk Score®
Very Walkable (85)
Transit Score®
Rider's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
02526-0147
Land Assessment
$15,941
Improvements Assessment
$521,359
Total Assessment
$537,300
Annual Taxes
$129 ($0.02/SF)
Tax Year
2025
  • Listing ID: 37320536

  • Date on Market: 8/18/2025

  • Last Updated:

  • Address: 1072 University Ave, Bronx, NY 10452

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