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3971 Gouverneur Ave 68 Unit Apartment Building $23,000,000 ($338,235/Unit) 6.98% Cap Rate Bronx, NY 10463



Executive Summary
This multifamily property at 3971 Gouverneur Avenue in the Kingsbridge neighborhood of the Bronx offers 67 residential units across 65,394 square feet with an assumable HUD mortgage. Solar panels on the roof provide significant energy savings, with electric bills in 2025 around $3,000.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $23,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $338,235 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 6.98% | Building Size | 65,394 SF |
| No. Units | 68 | No. Stories | 6 |
| Property Type | Multifamily | Year Built/Renovated | 1928/2018 |
| Property Subtype | Apartment | ||
| Zoning | R7-1 - Residential | ||
| Price | $23,000,000 |
| Price Per Unit | $338,235 |
| Sale Type | Investment |
| Cap Rate | 6.98% |
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 65,394 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1928/2018 |
| Zoning | R7-1 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Vintage Building
- Elevator
- Public Transportation
- Smoke Detector
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 03252-0310 | Total Assessment | $2,223,810 (2026) |
| Land Assessment | $174,600 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,049,210 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
03252-0310
Land Assessment
$174,600 (2026)
Improvements Assessment
$2,049,210 (2026)
Total Assessment
$2,223,810 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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3971 Gouverneur Ave
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