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Free Market Bldg * Asm 4% Interest Only Loan 3910 Seton Ave 7 Unit Apartment Building $1,250,000 ($178,571/Unit) 6.41% Cap Rate Bronx, NY 10466
Investment Highlights
- Free Market Building
- 6 Units plus 5 Garage Parking
- Assumable 10 Year Mortgage with 4.0% Interest-Only Terms
Executive Summary
NuRealty Advisors Inc. is proud to present the Exclusive Listing of 3910 Seton Avenue – Bronx, NY.
Located in a desirable residential neighborhood of the Bronx, this well-maintained brick multifamily building offers large apartment layouts and on-site parking. The property is a Free Market Building with the rare advantage of an Assumable Mortgage, creating an attractive opportunity for investors seeking stable cash flow with upside potential. Tremendous Upside Potential of over $85K in Rental Income.
________________________________________
Investment Highlights
• 6 Residential Units
• 5 Garage Spaces
Unit Mix
• 4 – Two Bedroom Apartments
• 2 – Three Bedroom Apartments
• 5 Garage Spaces
__________________________________
Assumable Mortgage Details
• Principal Balance: $850,000
• Interest Rate: 4.0%
• Loan Type: Interest Only
• Fixed Interest Period: 10 Years
The assumable financing structure significantly enhances investor returns in today’s rate environment.
________________________________________
Offering Price
$1,250,000
Located in a desirable residential neighborhood of the Bronx, this well-maintained brick multifamily building offers large apartment layouts and on-site parking. The property is a Free Market Building with the rare advantage of an Assumable Mortgage, creating an attractive opportunity for investors seeking stable cash flow with upside potential. Tremendous Upside Potential of over $85K in Rental Income.
________________________________________
Investment Highlights
• 6 Residential Units
• 5 Garage Spaces
Unit Mix
• 4 – Two Bedroom Apartments
• 2 – Three Bedroom Apartments
• 5 Garage Spaces
__________________________________
Assumable Mortgage Details
• Principal Balance: $850,000
• Interest Rate: 4.0%
• Loan Type: Interest Only
• Fixed Interest Period: 10 Years
The assumable financing structure significantly enhances investor returns in today’s rate environment.
________________________________________
Offering Price
$1,250,000
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$141,228
|
$26.69
|
| Other Income |
$3,750
|
$0.71
|
| Vacancy Loss |
$4,237
|
$0.80
|
| Effective Gross Income |
$140,741
|
$26.60
|
| Taxes |
$28,641
|
$5.41
|
| Operating Expenses |
$32,022
|
$6.05
|
| Total Expenses |
$60,663
|
$11.46
|
| Net Operating Income |
$80,078
|
$15.13
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $141,228 |
| Annual Per SF | $26.69 |
| Other Income | |
|---|---|
| Annual | $3,750 |
| Annual Per SF | $0.71 |
| Vacancy Loss | |
|---|---|
| Annual | $4,237 |
| Annual Per SF | $0.80 |
| Effective Gross Income | |
|---|---|
| Annual | $140,741 |
| Annual Per SF | $26.60 |
| Taxes | |
|---|---|
| Annual | $28,641 |
| Annual Per SF | $5.41 |
| Operating Expenses | |
|---|---|
| Annual | $32,022 |
| Annual Per SF | $6.05 |
| Total Expenses | |
|---|---|
| Annual | $60,663 |
| Annual Per SF | $11.46 |
| Net Operating Income | |
|---|---|
| Annual | $80,078 |
| Annual Per SF | $15.13 |
Property Facts
| Price | $1,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $178,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.41% | Building Size | 5,292 SF |
| Gross Rent Multiplier | 8.88 | No. Stories | 3 |
| No. Units | 7 | Year Built | 1931 |
| Property Type | Multifamily | Parking Ratio | 0.94/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4-1 | ||
| Price | $1,250,000 |
| Price Per Unit | $178,571 |
| Sale Type | Investment |
| Cap Rate | 6.41% |
| Gross Rent Multiplier | 8.88 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,292 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | R4-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 756 |
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Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (73)
Property Taxes
| Parcel Number | 04961-0001 | Total Assessment | $238,926 |
| Land Assessment | $4,359 | Annual Taxes | $28,641 ($5.41/SF) |
| Improvements Assessment | $234,567 | Tax Year | 2025 |
Property Taxes
Parcel Number
04961-0001
Land Assessment
$4,359
Improvements Assessment
$234,567
Total Assessment
$238,926
Annual Taxes
$28,641 ($5.41/SF)
Tax Year
2025
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Free Market Bldg * Asm 4% Interest Only Loan | 3910 Seton Ave
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