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3534 Bronx Blvd 65 Unit Apartment Building $5,500,000 ($84,615/Unit) 10% Cap Rate Bronx, NY 10467
Investment Highlights
- 10% Cap Rate | 4.5x RR
- Easily accessible via mass transit
- 6-story elevator
- Proximity to Retail Corridors
Executive Summary
GFI Realty Services is pleased to present the exclusive offering of 3534 Bronx Boulevard, a six-story elevator building comprising 65 rent-stabilized apartments across approximately 63,388 square feet in the Olinville section of the Northeast Bronx. The unit mix comprises 11 studios, 36 one-bedroom, 11 two-bedroom, and 7 three-bedroom apartments. The property benefits from immediate access to the retail corridors along White Plains Road and Gun Hill Road, with the 2 and 5 subway lines at Gun Hill Road and multiple bus routes all within walking distance, providing direct service to Midtown Manhattan. Van Cortlandt Park, Pelham Bay Park, and Montefiore Medical Center are
all in proximity, making 3534 Bronx Boulevard a well-located asset in one of the Northeast Bronx's most established rental submarkets.
all in proximity, making 3534 Bronx Boulevard a well-located asset in one of the Northeast Bronx's most established rental submarkets.
Property Facts
| Price | $5,500,000 | Property Subtype | Apartment |
| Price Per Unit | $84,615 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 10% | Lot Size | 0.28 AC |
| Gross Rent Multiplier | 4.5 | Building Size | 63,388 SF |
| No. Units | 65 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1927 |
| Zoning | R6 - Residence District | ||
| Price | $5,500,000 |
| Price Per Unit | $84,615 |
| Sale Type | Investment |
| Cap Rate | 10% |
| Gross Rent Multiplier | 4.5 |
| No. Units | 65 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 63,388 SF |
| No. Stories | 6 |
| Year Built | 1927 |
| Zoning | R6 - Residence District |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | - |
| 1+1 | 36 | - | 560 - 700 |
| 2+1 | 11 | - | - |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 04641-0010 | Improvements Assessment | $1,513,530 |
| Land Assessment | $106,020 | Total Assessment | $1,619,550 |
Property Taxes
Parcel Number
04641-0010
Land Assessment
$106,020
Improvements Assessment
$1,513,530
Total Assessment
$1,619,550
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3534 Bronx Blvd
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