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1450 E Gun Hill Rd 9 Unit Apartment Building $2,450,000 ($272,222/Unit) 8.56% Cap Rate Bronx, NY 10469
INVESTMENT HIGHLIGHTS
- Heavy Daytime Foot Traffic
- Close Proximity to The Mall at Bay Plaza
- Walking Distance to the 5 Train
EXECUTIVE SUMMARY
Prime Mixed-Use Investment Opportunity in Pelham Gardens, Bronx
For Sale: 1450 E Gun Hill Rd, Bronx, NY 10469 – a high-income-producing mixed-use property in the heart of Pelham Gardens. This four-story corner building features 9 residential apartments, 3 retail storefronts, 1 office, a social club, and 6 garage spaces with additional storage. With 13,533 SF of space, 53.5’ of frontage, and zoning of R6B, C2-3, this asset offers both stability and growth potential.
A rare opportunity to acquire a well-positioned, turnkey investment in a thriving neighborhood!
For Sale: 1450 E Gun Hill Rd, Bronx, NY 10469 – a high-income-producing mixed-use property in the heart of Pelham Gardens. This four-story corner building features 9 residential apartments, 3 retail storefronts, 1 office, a social club, and 6 garage spaces with additional storage. With 13,533 SF of space, 53.5’ of frontage, and zoning of R6B, C2-3, this asset offers both stability and growth potential.
A rare opportunity to acquire a well-positioned, turnkey investment in a thriving neighborhood!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$356,483
|
$26.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$600
|
$0.04
|
| Effective Gross Income |
$355,883
|
$26.30
|
| Taxes |
$87,210
|
$6.44
|
| Operating Expenses |
$58,941
|
$4.36
|
| Total Expenses |
$146,151
|
$10.80
|
| Net Operating Income |
$209,732
|
$15.50
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $356,483 |
| Annual Per SF | $26.34 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $600 |
| Annual Per SF | $0.04 |
| Effective Gross Income | |
|---|---|
| Annual | $355,883 |
| Annual Per SF | $26.30 |
| Taxes | |
|---|---|
| Annual | $87,210 |
| Annual Per SF | $6.44 |
| Operating Expenses | |
|---|---|
| Annual | $58,941 |
| Annual Per SF | $4.36 |
| Total Expenses | |
|---|---|
| Annual | $146,151 |
| Annual Per SF | $10.80 |
| Net Operating Income | |
|---|---|
| Annual | $209,732 |
| Annual Per SF | $15.50 |
PROPERTY FACTS
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (85)
PROPERTY TAXES
| Parcel Number | 04567-0100 | Total Assessment | $743,400 |
| Land Assessment | $135,000 | Annual Taxes | $87,210 ($6.44/SF) |
| Improvements Assessment | $608,400 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
04567-0100
Land Assessment
$135,000
Improvements Assessment
$608,400
Total Assessment
$743,400
Annual Taxes
$87,210 ($6.44/SF)
Tax Year
2025
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1450 E Gun Hill Rd
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