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2446 E Tremont Ave 5 Unit Apartment Building $1,800,000 ($360,000/Unit) 7.71% Cap Rate Bronx, NY 10461
Investment Highlights
- in good condition.
Executive Summary
Great location 5 unit property with a vacant store that can rent for $2,500/month, 4 program residential tenants with guaranteed rents from Fheps and Section 8, a driveway leading to a 2 car garage that is rented for $400/month with upside potential. The building has had many improvements since the last sale in 2025, new floors in 2 apartments, new appliances etc. Owner needs to sell for another investment opportunity. Property is very close to one recently purchased by NYC which took over the driveway and added to the existing structure. Pro Forma cap rate with store rented is almost 8%. There is one 3 bedroom, two 2 bedrooms and one 1 bedroom apt.
Property Facts
| Price | $1,800,000 | Property Subtype | Apartment |
| Price Per Unit | $360,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.71% | Lot Size | 0.06 AC |
| Gross Rent Multiplier | 12.24 | Building Size | 3,465 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Zoning | R6 - R6 zoning districts are widely mapped in built-up, medium-density areas in Brooklyn, Queens and the Bronx. | ||
| Price | $1,800,000 |
| Price Per Unit | $360,000 |
| Sale Type | Investment |
| Cap Rate | 7.71% |
| Gross Rent Multiplier | 12.24 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,465 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Zoning | R6 - R6 zoning districts are widely mapped in built-up, medium-density areas in Brooklyn, Queens and the Bronx. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | 864 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03997-0041 | Improvements Assessment | $73,583 |
| Land Assessment | $30,097 | Total Assessment | $103,680 |
Property Taxes
Parcel Number
03997-0041
Land Assessment
$30,097
Improvements Assessment
$73,583
Total Assessment
$103,680
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Contact the Sale Advisor
2446 E Tremont Ave