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686 Eagle Ave 13 Unit Apartment Building $6,500,000 ($500,000/Unit) 6.13% Cap Rate Bronx, NY 10455
INVESTMENT HIGHLIGHTS
- 35-Year 421a Tax Abatement
- Turnkey, low-maintenance asset in a prime South Bronx location
- New Construction (2025)
EXECUTIVE SUMMARY
686 Eagle Ave — Premier New Construction with 35-Year 421a Tax Abatement
- 35-Year 421a Tax Abatement — the ultimate advantage for long-term investors ($97, 176 Annual Savings)
- Brand New Construction (2025) built with Supreme Durability built structurally of Concrete, Block, and Steel
- Fully Leased to vetted tenants (voucher-backed, 650+ credit scores)
- Generating strong market-rate rents in a high-demand rental corridor
- Modern layouts and finishes designed for today’s renters
- Turnkey, low-maintenance asset in a prime South Bronx location
- Excellent proximity to public transit, parks, and shopping
- 35-Year 421a Tax Abatement — the ultimate advantage for long-term investors ($97, 176 Annual Savings)
- Brand New Construction (2025) built with Supreme Durability built structurally of Concrete, Block, and Steel
- Fully Leased to vetted tenants (voucher-backed, 650+ credit scores)
- Generating strong market-rate rents in a high-demand rental corridor
- Modern layouts and finishes designed for today’s renters
- Turnkey, low-maintenance asset in a prime South Bronx location
- Excellent proximity to public transit, parks, and shopping
PROPERTY FACTS
| Price | $6,500,000 | Building Class | B |
| Price Per Unit | $500,000 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 11,009 SF |
| Cap Rate | 6.13% | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.36/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R6 - Medium density residential district | ||
| Price | $6,500,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 11,009 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 2025 |
| Parking Ratio | 0.36/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R6 - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Basement
- Intercom
- Trash Compactor
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- Security System
- Disposal Chutes
- Laundry Service
- Bicycle Storage
- Car Charging Station
- Elevator
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 449 |
| 1+1 | 7 | - | 449 |
| 2+1 | 5 | - | 573 |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 02624-0029 | Improvements Assessment | $420,300 |
| Land Assessment | $69,444 | Total Assessment | $489,744 |
PROPERTY TAXES
Parcel Number
02624-0029
Land Assessment
$69,444
Improvements Assessment
$420,300
Total Assessment
$489,744
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Presented by
Amo Realty
686 Eagle Ave
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