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716 E 234th St 9 Unit Apartment Building $2,900,000 ($322,222/Unit) 8.02% Cap Rate Bronx, NY 10466
Executive Summary
9 Unit Multi-Family ,Young Construction (2013), fully occupied property. 100% collections
+8% CAP FROM DAY ONE! PROJECTED 12 CAP on 421a Expiration (2033)
Don't think I need to say anything else to sell this property.
You tell me
+8% CAP FROM DAY ONE! PROJECTED 12 CAP on 421a Expiration (2033)
Don't think I need to say anything else to sell this property.
You tell me
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$268,230
|
$36.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$268,230
|
$36.40
|
| Taxes |
$1,860
|
$0.25
|
| Operating Expenses |
$33,725
|
$4.58
|
| Total Expenses |
$35,585
|
$4.83
|
| Net Operating Income |
$232,645
|
$31.58
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $268,230 |
| Annual Per SF | $36.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $268,230 |
| Annual Per SF | $36.40 |
| Taxes | |
|---|---|
| Annual | $1,860 |
| Annual Per SF | $0.25 |
| Operating Expenses | |
|---|---|
| Annual | $33,725 |
| Annual Per SF | $4.58 |
| Total Expenses | |
|---|---|
| Annual | $35,585 |
| Annual Per SF | $4.83 |
| Net Operating Income | |
|---|---|
| Annual | $232,645 |
| Annual Per SF | $31.58 |
Property Facts
| Price | $2,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $322,222 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 8.02% | Building Size | 7,368 SF |
| Gross Rent Multiplier | 10.8 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2013 |
| Property Subtype | Apartment | ||
| Zoning | R5 - Medium density district with a height limit of 40 feet | ||
| Price | $2,900,000 |
| Price Per Unit | $322,222 |
| Sale Type | Investment |
| Cap Rate | 8.02% |
| Gross Rent Multiplier | 10.8 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 7,368 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2013 |
| Zoning | R5 - Medium density district with a height limit of 40 feet |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (91)
Property Taxes
| Parcel Number | 04997-0069 | Total Assessment | $549,450 (2025) |
| Land Assessment | $30,394 (2025) | Annual Taxes | $1,860 ($0.25/SF) |
| Improvements Assessment | $519,056 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
04997-0069
Land Assessment
$30,394 (2025)
Improvements Assessment
$519,056 (2025)
Total Assessment
$549,450 (2025)
Annual Taxes
$1,860 ($0.25/SF)
Tax Year
2023
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716 E 234th St
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