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15 Gouverneur Pl 10 Unit Apartment Building $1,650,000 ($165,000/Unit) 8.42% Cap Rate Bronx, NY 10456
Investment Highlights
- Corner Mixed Use Building on Washington Avenue For Sale
- The property offers 10 apartments, and 1 Deli with exposure on Gouverneur Place & Washington Avenue
- The property is located within walking distance to the 2, 5, & D
- The subject property is on the corner of the intersection Gouverneur Place & Washington Avenue in the Morrisania section of the Bronx
- The property has six 2 bedrooms and four 2 bedrooms
Executive Summary
Investment Property Realty Group (IPRG)has been exclusively retained to sell 15 Gouverneur Place, a corner mixed-use property located at the intersection of Gouverneur Place and Washington Avenue in the Morrisania section of the Bronx.
The asset consists of 10 residential units and 1 ground-floor deli, offering strong retail exposure along both Gouverneur Place and Washington Avenue. The residential portion is comprised of six two-bedroom units and four one-bedroom units.
The property is conveniently located within walking distance to the 2, 5, and D subway lines, providing excellent access to public transportation and making it an attractive option for both tenants and investors alike.
The asset consists of 10 residential units and 1 ground-floor deli, offering strong retail exposure along both Gouverneur Place and Washington Avenue. The residential portion is comprised of six two-bedroom units and four one-bedroom units.
The property is conveniently located within walking distance to the 2, 5, and D subway lines, providing excellent access to public transportation and making it an attractive option for both tenants and investors alike.
Property Facts
| Price | $1,650,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $165,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 8.42% | Building Size | 8,120 SF |
| Gross Rent Multiplier | 7.81 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | R7-2 | ||
| Price | $1,650,000 |
| Price Per Unit | $165,000 |
| Sale Type | Investment |
| Cap Rate | 8.42% |
| Gross Rent Multiplier | 7.81 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 8,120 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1931 |
| Zoning | R7-2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 600 - 700 |
| 3+1 | 4 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02388-0051 | Improvements Assessment | $125,797 |
| Land Assessment | $636 | Total Assessment | $126,433 |
Property Taxes
Parcel Number
02388-0051
Land Assessment
$636
Improvements Assessment
$125,797
Total Assessment
$126,433
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15 Gouverneur Pl
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