772 E 182nd St 18 Unit Apartment Building $6,500,000 ($361,111/Unit) 8.15% Cap Rate Bronx, NY 10460

This newly constructed seven-story elevator building offers a compelling investment opportunity in the Bronx. Completed in 2023, the property is comprised of 18 rent-stabilized apartments and comes with a 32-year tax abatement, significantly enhancing its appeal for long-term investors. The building provides in-place cash flow with an approximate 8% CAP rate and minimal maintenance requirements thanks to its recent build.
The location is highly advantageous—situated near the Bronx Zoo, New York Botanical Garden, and Fordham University, with easy access to the Fordham Road commercial corridor. Excellent connectivity to public transportation and proximity to retail, dining, and cultural landmarks make this a sought-after address for residents. With neighborhood amenities and infrastructure promoting consistent demand, this asset aligns well with stable income generation and future appreciation prospects.