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3029-3031 Bronxwood Ave 16 Unit Apartment Building $6,000,000 ($375,000/Unit) 6.35% Cap Rate Bronx, NY 10469

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Investment Highlights

Pedestrian-friendly community located just blocks away from Burke Avenue Subway Station, Jacobi Medical Center, and various retail storefronts.
The building participated in the NYC Housing Connect affordable housing lottery.

Built in 2022/2023 and designed by Badaly Architects.

Executive Summary

Newly built 16-unit residential mid-rise apartment complex available for sale. Residences feature smart heating/cooling controls, hardwood floors, name-brand energy-efficient appliances, and accessible entrances.

Property Facts

Price	$6,000,000	Apartment Style	Mid-Rise
Price Per Unit	$375,000	Building Class	B
Sale Type	Investment	Lot Size	0.04 AC
Cap Rate	6.35%	Building Size	9,972 SF
No. Units	16	No. Stories	4
Property Type	Multifamily	Year Built	2023
Property Subtype	Apartment Multifamily Dormitory
Zoning	R6 - Residential

Price	$6,000,000
Price Per Unit	$375,000
Sale Type	Investment
Cap Rate	6.35%
No. Units	16
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Mid-Rise
Building Class	B
Lot Size	0.04 AC
Building Size	9,972 SF
No. Stories	4
Year Built	2023
Zoning	R6 - Residential

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	16	-	-

1 1

Exceptionally walkable

100/100

Fairly drivable

40/100

Exceptional public transit

100/100

Moderately bikeable

70/100

Source: Local Logic^®

Property Taxes

Parcel Number	04573-0038	Improvements Assessment	$229,667
Land Assessment	$34,483	Total Assessment	$264,150

Property Taxes

Parcel Number

04573-0038

Land Assessment

$34,483

Improvements Assessment

$229,667

Total Assessment

$264,150

(917) 939-9725

Contact

Steven Saljanin
EXIT Realty Private Client

Listing ID: 37958308
Date on Market: 10/6/2025
Last Updated:
Address: 3029-3031 Bronxwood Ave, Bronx, NY 10469

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3029-3031 Bronxwood Ave

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