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2097 Davidson Ave 10 Unit Apartment Building $2,988,000 ($298,800/Unit) 8.46% Cap Rate Bronx, NY 10453
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 8.46 Cap New 10 Unit Bronx Apartment Building Near University Ave. For Sale!!!
- Located In the Heart Of The Bronx Near I-278 & The Grand Concourse Situated Between University Ave. & Jerome Ave. Near Bronx Community College!!
- Neighbors Include Yankee Stadium, The Bronx Zoo, Chase Bank, USPS, Planet Fitness, AutoZone, Dunkin’, Montefiore Medical Center, +++!!!
- The Property Features Excellent Signage, Great Exposure, R7-1 Zoning, High 8’ Ceilings. Large Rear Yard, Sprinklers, 6 Parking Spaces, +++!!!
- This Building Was Built In 2022 & Has A 421-A Tax Abatement Until 2060!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 8.46 Cap New 10 Unit Bronx Apartment Building With Private Parking Lot Near University Ave. For Sale!!! The Property Features Excellent Signage, Great Exposure, R7-1 Zoning, High 8’ Ceilings. Large Rear Yard, Sprinklers, 6 Parking Spaces, Security Camera System, 4 Stories, 3 Phase Power All New LED Lighting, A/C, +++!!! The Property Is Located IN the Heart Of The Bronx Between I-278 & The Grand Concourse!!! The Building Is Situated Between University Ave. & Jerome Ave. Near Bronx Community College!!! This Building Was Built In 2022 & Has A 421-A Tax Abatement Until 2060!!! Neighbors Include Yankee Stadium, The Bronx Zoo, Chase Bank, USPS, Planet Fitness, AutoZone, Dunkin’, Montefiore Medical Center, Saint Barnabas Hospital. H & R Block, Total Wireless, McDonald’s, Taco Bell, Domino’s, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!
Income:
Unit 1A: $26,472 Ann.
Unit 1R: $27,336 Ann.
Unit 2A: $27,336 Ann.
Unit 2B: $25,896 Ann.
Unit 2C: $26,940 Ann.
Unit 3A: $25,896 Ann.
Unit 3B: $25,920 Ann.
Unit 3C: $27,300 Ann.
Unit 4A: $29,400 Ann.
Unit 4B: $26,940 Ann.
Gross Income: $269,439 Ann.
Expenses:
Electric: $2,403 Ann.
Insurance: $6,250 Ann.
Water & Sewer: $3,200 Ann.
Internet: $1,080 Ann.
Taxes: $3,600 Ann.
Total Expenses: $16,533 Ann.
Net Operating Income (NOI): $259,906 Ann. (8.46% Cap!!!)
Income:
Unit 1A: $26,472 Ann.
Unit 1R: $27,336 Ann.
Unit 2A: $27,336 Ann.
Unit 2B: $25,896 Ann.
Unit 2C: $26,940 Ann.
Unit 3A: $25,896 Ann.
Unit 3B: $25,920 Ann.
Unit 3C: $27,300 Ann.
Unit 4A: $29,400 Ann.
Unit 4B: $26,940 Ann.
Gross Income: $269,439 Ann.
Expenses:
Electric: $2,403 Ann.
Insurance: $6,250 Ann.
Water & Sewer: $3,200 Ann.
Internet: $1,080 Ann.
Taxes: $3,600 Ann.
Total Expenses: $16,533 Ann.
Net Operating Income (NOI): $259,906 Ann. (8.46% Cap!!!)
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$269,439
|
$35.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$269,439
|
$35.93
|
| Taxes |
$3,600
|
$0.48
|
| Operating Expenses |
$12,933
|
$1.72
|
| Total Expenses |
$16,533
|
$2.20
|
| Net Operating Income |
$252,906
|
$33.72
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $269,439 |
| Annual Per SF | $35.93 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $269,439 |
| Annual Per SF | $35.93 |
| Taxes | |
|---|---|
| Annual | $3,600 |
| Annual Per SF | $0.48 |
| Operating Expenses | |
|---|---|
| Annual | $12,933 |
| Annual Per SF | $1.72 |
| Total Expenses | |
|---|---|
| Annual | $16,533 |
| Annual Per SF | $2.20 |
| Net Operating Income | |
|---|---|
| Annual | $252,906 |
| Annual Per SF | $33.72 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 600 |
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03194-0046 | Total Assessment | $474,750 |
| Land Assessment | $66,812 | Annual Taxes | $3,600 ($0.48/SF) |
| Improvements Assessment | $407,938 | Tax Year | 2026 |
Property Taxes
Parcel Number
03194-0046
Land Assessment
$66,812
Improvements Assessment
$407,938
Total Assessment
$474,750
Annual Taxes
$3,600 ($0.48/SF)
Tax Year
2026
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2097 Davidson Ave