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1232 Fulton Ave 8 Unit Apartment Building $2,500,000 ($312,500/Unit) 7.83% Cap Rate Bronx, NY 10456
Investment Highlights
- Free Market
- YOUNG CONSTRUCTION
- 27 FOOTER
Executive Summary
FREE MARKET
ALL SECTION-8 TENANTS . ONE DIRECT DEPOSIT EVERY MONTH !
27 footer
young construction
8 Family.
Tenants pay all utilities.
ALL SECTION-8 TENANTS . ONE DIRECT DEPOSIT EVERY MONTH !
27 footer
young construction
8 Family.
Tenants pay all utilities.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$273,060
|
$39.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$273,060
|
$39.93
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$77,310
|
$11.31
|
| Net Operating Income |
$195,750
|
$28.63
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $273,060 |
| Annual Per SF | $39.93 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $273,060 |
| Annual Per SF | $39.93 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $77,310 |
| Annual Per SF | $11.31 |
| Net Operating Income | |
|---|---|
| Annual | $195,750 |
| Annual Per SF | $28.63 |
Property Facts
| Price | $2,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $312,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.83% | Building Size | 6,912 SF |
| Gross Rent Multiplier | 9.15 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 2016/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R6 | ||
| Price | $2,500,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 7.83% |
| Gross Rent Multiplier | 9.15 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 6,912 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 2016/2025 |
| Opportunity Zone |
Yes |
| Zoning | R6 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $2,455 | 518 - 560 |
| 2+1 | 6 | $2,950 | 864 |
| 1+1 | 1 | $2,600 | 770 |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02612-0003 | Improvements Assessment | $374,329 |
| Land Assessment | $43,054 | Total Assessment | $417,383 |
Property Taxes
Parcel Number
02612-0003
Land Assessment
$43,054
Improvements Assessment
$374,329
Total Assessment
$417,383
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1232 Fulton Ave
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