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1995 Birchall Ave
Bronx, NY 10462
Multifamily Property For Sale
·
20 Units
Investment Highlights
- Fully occupied 20 unit rent stabilized multifamily property
- Bronx Park East 2/5 subway station directly outside the property
- Approximately 10,640 SF on a 10,245 SF corner lot with roughly 225 feet of frontage
- $413,098.56 in annual gross income - $257,648.56 NOI, representing a 6.44% cap rate
- Attractive basis of $200,000 per unit and 9.68x GRM
- Directly across from Bronx Park and near the Bronx Zoo and Starlight Park
Executive Summary
1995 Birchall Avenue presents an opportunity to acquire a multifamily investment property in the Van Nest neighborhood of the Bronx. The property consists of a 10,640-square-foot apartment building positioned within an established residential corridor with convenient access to public transportation, neighborhood retail, and major Bronx thoroughfares.
Located near the Pelham Parkway and White Plains Road commercial corridors, the property benefits from proximity to a broad range of daily-use amenities, employment centers, healthcare facilities, and transit options connecting residents throughout the Bronx and into Manhattan. The surrounding area is characterized by a mix of multifamily housing, neighborhood services, and retail establishments that support long-term residential demand.
For investors seeking a Bronx multifamily asset with scale, established residential tenancy characteristics, and connectivity to the greater New York City market, 1995 Birchall Avenue offers a compelling opportunity in a well-established neighborhood.
Located near the Pelham Parkway and White Plains Road commercial corridors, the property benefits from proximity to a broad range of daily-use amenities, employment centers, healthcare facilities, and transit options connecting residents throughout the Bronx and into Manhattan. The surrounding area is characterized by a mix of multifamily housing, neighborhood services, and retail establishments that support long-term residential demand.
For investors seeking a Bronx multifamily asset with scale, established residential tenancy characteristics, and connectivity to the greater New York City market, 1995 Birchall Avenue offers a compelling opportunity in a well-established neighborhood.
Property Facts
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 6.44% | Building Size | 11,327 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Low-Rise | ||
| Zoning | R7-1, Bronx, (C1) - R7-1 zoning allowing approximately 40,980 buildable SF 30,325 SF of unused residential air rights | ||
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 6.44% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 11,327 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Zoning | R7-1, Bronx, (C1) - R7-1 zoning allowing approximately 40,980 buildable SF 30,325 SF of unused residential air rights |
Amenities
Unit Amenities
- Air Conditioning
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Property Taxes
| Parcel Number | 04256-0031 | Improvements Assessment | $321,750 |
| Land Assessment | $36,000 | Total Assessment | $357,750 |
Property Taxes
Parcel Number
04256-0031
Land Assessment
$36,000
Improvements Assessment
$321,750
Total Assessment
$357,750
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