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811 Courtlandt Ave 3 Unit Apartment Building $1,549,999 ($516,666/Unit) 7.14% Cap Rate Bronx, NY 10451
Investment Highlights
- R7-2 Zoning
- Close to Melrose Metro North Station
- Can be delivered Vacant
Executive Summary
Welcome to Concourse Village, a prime investment opportunity featuring a fully renovated property with 7.5 bedrooms and 3.5 bathrooms, thoughtfully designed for today’s modern lifestyle. This versatile building includes three updated residential units and a modernized commercial space, offering immediate rental income and long-term growth potential. Each apartment showcases a sleek kitchen with stainless steel appliances, grey quartz countertops, and flint grey cabinetry, complemented by hardwood floors throughout, spacious open-concept living areas ideal for entertaining, and stylishly updated bathrooms. The commercial space on the ground floor has been fully upgraded. The property also offers a spacious backyard, perfect for gardening or outdoor relaxation, and sits adjacent to a picturesque community garden, providing a beautiful, landscaped backdrop. Additional amenities include onsite storage, laundry facilities, and a walkout basement. Ideally located just minutes from the Melrose Metro-North station—with a 30-minute commute to NYC—this property also offers convenient access to major highways, Starbucks, and various dining options. Tenants are responsible for their utilities, and with R7-2 zoning, this property is an excellent opportunity for developers and savvy investors.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$120,132
|
$28.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,132
|
$28.58
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,495
|
$2.26
|
| Net Operating Income |
$110,637
|
$26.32
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $120,132 |
| Annual Per SF | $28.58 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $120,132 |
| Annual Per SF | $28.58 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $9,495 |
| Annual Per SF | $2.26 |
| Net Operating Income | |
|---|---|
| Annual | $110,637 |
| Annual Per SF | $26.32 |
Property Facts
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (100)
Property Taxes
| Parcel Number | 02418-0021 | Improvements Assessment | $10,118 (2025) |
| Land Assessment | $1,058 (2025) | Total Assessment | $11,176 (2025) |
Property Taxes
Parcel Number
02418-0021
Land Assessment
$1,058 (2025)
Improvements Assessment
$10,118 (2025)
Total Assessment
$11,176 (2025)
Contact
-
Jeffrie Peña -
PantigaGroupInc.
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