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3163 Villa Ave
Bronx, NY 10468
Multifamily Property For Sale
·
3,000 SF
Investment Highlights
- Free-market multifamily property with five residential units and strong current rental income.
- Convenient access to B, D, and 4 subway lines at Bedford Park Boulevard, plus several local and express bus routes.
- Nearby amenities include grocery, shopping, dining, and healthcare services supported by Montefiore Health System.
- Located in an R8 zoning district with up to 14,280 SF buildable, providing air rights and redevelopment potential.
- Stable cash flow supported by gross annual income of $120,600 and a net operating income of $67,004.
Executive Summary
3163 Villa Avenue offers a rare investment opportunity in the growing Bedford Park community of the Bronx. This fully free-market, five-unit multifamily property comprises one three-story frame and brick building configured with four one-bedroom apartments and one two-bedroom apartment. With approximately 3,000 square feet of gross building area on a 20-by-100-foot lot, the asset delivers stable cash flow supported by strong in-place rents, alongside long-term upside with available development rights of approximately 9,040 to 14,280 square feet.
Property Facts
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.10% | Building Size | 3,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1915 |
| Building Class | C | ||
| Zoning | R8 - R8 | ||
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,000 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Zoning | R8 - R8 |
Property Taxes
| Parcel Number | 03322-0045 | Improvements Assessment | $67,540 |
| Land Assessment | $35,679 | Total Assessment | $103,219 |
Property Taxes
Parcel Number
03322-0045
Land Assessment
$35,679
Improvements Assessment
$67,540
Total Assessment
$103,219
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