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757 E Tremont Ave
Bronx, NY 10457
757 E Tremont · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Positioned on a prime corner along East Tremont Avenue with exceptional visibility.
- Includes 7,060 square feet of as-of-right air rights for future development.
- Surrounded by national retailers including Chase, T-Mobile, and Foot Locker.
- Features four ground-floor retail units and two large free-market apartments.
- Located steps from 2 and 5 subway lines and near major bus routes.
- Over 150 feet of continuous retail frontage in a high-traffic corridor.
Executive Summary
Dynamic Retail Corridor: Located on the bustling East Tremont Avenue, this prime corner mixed-use opportunity is surrounded by local shops and major national retailers, including Chase, T-Mobile, and Foot Locker.
High Occupancy & Favorable Layout: The building features 6 total units and is currently operating at an impressive 83% occupancy rate (5 out of 6 units occupied). The layout consists of 4 commercial spaces and 2 large, free-market residential apartments featuring 5-bedroom layouts
Exceptional Visibility: The property offers over 150' of wraparound retail frontage in a prime Crotona location on a major retail thoroughfare.
Development Potential: The site includes an additional 7,060 Sq. Ft. of as-of-right air rights, providing significant upside for future development.
Prime Transit Access & Neighborhood: The property is highly accessible to commuters, situated a short walk away from the 2/5 subway line and just blocks from the Cross Bronx Expressway. Additionally, the BX36 bus stop is conveniently located directly in front of the building. This prime location also benefits from heavy foot traffic and close proximity to major neighborhood staples like Crotona Park and the Bronx Zoo.
High Occupancy & Favorable Layout: The building features 6 total units and is currently operating at an impressive 83% occupancy rate (5 out of 6 units occupied). The layout consists of 4 commercial spaces and 2 large, free-market residential apartments featuring 5-bedroom layouts
Exceptional Visibility: The property offers over 150' of wraparound retail frontage in a prime Crotona location on a major retail thoroughfare.
Development Potential: The site includes an additional 7,060 Sq. Ft. of as-of-right air rights, providing significant upside for future development.
Prime Transit Access & Neighborhood: The property is highly accessible to commuters, situated a short walk away from the 2/5 subway line and just blocks from the Cross Bronx Expressway. Additionally, the BX36 bus stop is conveniently located directly in front of the building. This prime location also benefits from heavy foot traffic and close proximity to major neighborhood staples like Crotona Park and the Bronx Zoo.
Property Facts
| Price Per Unit | $1,125,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.56% | Lot Size | 0.11 AC |
| No. Units | 4 | Building Size | 9,660 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1950/2015 |
| Zoning | C4-4A - C4-4A (R7A Resi Equivalent) | ||
| Price Per Unit | $1,125,000 |
| Sale Type | Investment |
| Cap Rate | 8.56% |
| 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) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
Property Taxes
| Parcel Number | 03093-0048 | Improvements Assessment | $319,230 |
| Land Assessment | $75,150 | Total Assessment | $394,380 |
Property Taxes
Parcel Number
03093-0048
Land Assessment
$75,150
Improvements Assessment
$319,230
Total Assessment
$394,380
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