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1230 Prospect Ave 1230 Prospect Ave 17 Unit Apartment Building $6,950,000 ($408,824/Unit) 6.31% Cap Rate Bronx, NY 10459
INVESTMENT HIGHLIGHTS
- Tax Abated
- New Construction
EXECUTIVE SUMMARY
Prime Investment Opportunity! Brand New Construction, this Tax -Abated, Mixed-Use Property has 17 Residential Apartments, 1 Medical Facility, & 1 Retail Space. All Apartments are occupied. Contact Immediately for further information.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| 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 - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,950,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $408,824 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 6.31% | Building Size | 19,570 SF |
| No. Units | 17 | No. Stories | 8 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R7-1 - Medium-density apartment house district with lower parking requirements | ||
| Price | $6,950,000 |
| Price Per Unit | $408,824 |
| Sale Type | Investment |
| Cap Rate | 6.31% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 19,570 SF |
| No. Stories | 8 |
| Year Built | 2023 |
| Opportunity Zone |
Yes |
| Zoning | R7-1 - Medium-density apartment house district with lower parking requirements |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Island Kitchen
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
- Bicycle Storage
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | $2,525 | 350 |
| 1+1 | 7 | $2,525 | 500 |
| 2+1 | 2 | $2,837 | 700 |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 02693-0022 | Total Assessment | $1,098,900 (2025) |
| Land Assessment | $92,250 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,006,650 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02693-0022
Land Assessment
$92,250 (2025)
Improvements Assessment
$1,006,650 (2025)
Total Assessment
$1,098,900 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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