Log In/Sign Up
Your email has been sent.
1281 Hoe Ave 45 Unit Apartment Building $12,750,000 ($283,333/Unit) 6.43% Cap Rate Bronx, NY 10459
Investment Highlights
- Located at Crotona Park East neighborhood of the Bronx, New York
- This is a brick mix use building , 45 units , 1 commercial and 9 stories
- Conveniently located next to all transportation
Executive Summary
1281 Hoe Avenue | Crotona Park East, Bronx, NY 10459
Offering Price: $12,750,000 | Cap Rate: 6.43% | NOI: $820,434.60
New to Market: 1281 Hoe Avenue is a 9-story, Mixed-Use Elevator Building located in the Crotona Park East section of the Bronx. Built in 2022, the property comprises 46 total units (45 residential studios + 1 commercial unit) and totals 28,415 SF of Gross Building Area on a 5,000 SF lot. The residential units are part of the AIRS affordable housing program for seniors (62+), restricted at 80% AMI and benefit from a 35-year 421-a tax abatement.
The property boasts a rent roll of $70,229.55/month with stabilized income and occupancy at 93.3% for residential only. The commercial space is rented for $8,240.00/ month. The commercial unit is leased NNN to Lauv & Kare Family Support. Amenities include a common laundry room, elevator, terraces, and modern building systems.
This is a turn-key investment with a strong in-place return and significant long-term upside.
Offering Price: $12,750,000 | Cap Rate: 6.43% | NOI: $820,434.60
New to Market: 1281 Hoe Avenue is a 9-story, Mixed-Use Elevator Building located in the Crotona Park East section of the Bronx. Built in 2022, the property comprises 46 total units (45 residential studios + 1 commercial unit) and totals 28,415 SF of Gross Building Area on a 5,000 SF lot. The residential units are part of the AIRS affordable housing program for seniors (62+), restricted at 80% AMI and benefit from a 35-year 421-a tax abatement.
The property boasts a rent roll of $70,229.55/month with stabilized income and occupancy at 93.3% for residential only. The commercial space is rented for $8,240.00/ month. The commercial unit is leased NNN to Lauv & Kare Family Support. Amenities include a common laundry room, elevator, terraces, and modern building systems.
This is a turn-key investment with a strong in-place return and significant long-term upside.
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
Amenities
Unit Amenities
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 45 | $1,556 | - |
1 1
Walk Score®
Very Walkable (86)
Transit Score®
Rider's Paradise (100)
Property Taxes
| Parcel Number | 02980-0056 | Total Assessment | $1,843,200 (2025) |
| Land Assessment | $31,215 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,811,985 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
02980-0056
Land Assessment
$31,215 (2025)
Improvements Assessment
$1,811,985 (2025)
Total Assessment
$1,843,200 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1281 Hoe Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.