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395 E 151st St 32 Unit Apartment Building $4,150,000 ($129,688/Unit) 10.77% Cap Rate Bronx, NY 10455
Investment Highlights
- Elevator access to all floors
- Situated in the Melrose neighborhood, Bronx
- On-site maintenance and management by Stellar Management
- Nearby amenities include parks, playgrounds, eateries, and stores along Courtlandt and Brook Avenues.
Executive Summary
A (6) story elevator apartment building consisting of 32 apartments (excluding super’s basement unit) and 6 commercial spaces.
Property Facts
| Price | $4,150,000 | Building Class | B |
| Price Per Unit | $129,688 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 36,360 SF |
| Cap Rate | 10.77% | Average Occupancy | 91% |
| No. Units | 32 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R6 - Medium-density residential district for multi-family buildings | ||
| Price | $4,150,000 |
| Price Per Unit | $129,688 |
| Sale Type | Investment |
| Cap Rate | 10.77% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 36,360 SF |
| Average Occupancy | 91% |
| No. Stories | 6 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Medium-density residential district for multi-family buildings |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Stainless Steel Appliances
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Maintenance on site
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 32 | - | 543 |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02398-0027 | Improvements Assessment | $1,074,150 |
| Land Assessment | $30,150 | Total Assessment | $1,104,300 |
Property Taxes
Parcel Number
02398-0027
Land Assessment
$30,150
Improvements Assessment
$1,074,150
Total Assessment
$1,104,300
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395 E 151st St
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