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757 E Tremont 757 E Tremont Ave 4 Unit Apartment Building $4,750,000 ($1,187,500/Unit) 8.61% Cap Rate Bronx, NY 10457
EXECUTIVE SUMMARY
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 757 East Tremont Avenue, a mixed-use property located in the Tremont section of the Bronx. The property is a three-story building consisting of four commercial units and two residential apartments above, positioned along one of the borough's most active neighborhood retail corridor. The property benefits from heavy daily foot traffic and strong neighborhood fundamentals driven by dense surrounding residential housing and established national and local retailers along East Tremont Avenue. Beyond its stable in-place income, the property also offers long-term development and repositioning potential, supported by flexible zoning and strong market demand for new mixed-use product along the Tremont corridor. An investor could explore future redevelopment or expansion scenarios to further enhance value and capitalize on the area's continued growth and transformation.
PROPERTY FACTS
| Price | $4,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 8.61% | Building Size | 9,660 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2015 |
| Property Subtype | Apartment | ||
| Zoning | C4-4A - C4-4A (R7A Resi Equivalent) | ||
| Price | $4,750,000 |
| Price Per Unit | $1,187,500 |
| Sale Type | Investment |
| Cap Rate | 8.61% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 9,660 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2015 |
| Zoning | C4-4A - C4-4A (R7A Resi Equivalent) |
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Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 03093-0048 | Improvements Assessment | $306,630 |
| Land Assessment | $75,150 | Total Assessment | $381,780 |
PROPERTY TAXES
Parcel Number
03093-0048
Land Assessment
$75,150
Improvements Assessment
$306,630
Total Assessment
$381,780
CONTACTS
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Mitchel Flaherty -
Brian Whelan -
Jake Shapiro -
Jared Gootnick -
Jonathan Auerbach -
RIPCO Real Estate
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757 E Tremont | 757 E Tremont Ave
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