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915 Eagle Ave 915 Eagle Ave 10 Unit Apartment Building $2,150,000 ($215,000/Unit) 8.84% Cap Rate Bronx, NY 10456



Investment Highlights
- New construction and fully occupied
Executive Summary
Rare opportunity to acquire a fully occupied, 10-unit rent-stabilized multifamily in the Woodstock neighborhood of the Bronx, built in 2018. The property benefits from a 35-year 421-a real estate tax abatement with 27 years remaining (expiring 2053), which transfers with the deed - providing the incoming owner with significantly suppressed carrying costs and a defensible NOI from day one. The 4-story, 6,762 SF building consists of a mix of studios, 1-bedrooms, and one 2BR/2BTH unit across 10 fully occupied rent-stabilized units. Ideally located near the 2/5 subway lines at Prospect Avenue, with multiple BX bus lines on the corridor. Two miles from Yankee Stadium and close to Hostos Community College. Walkable, transit-rich South Bronx submarket with continued investor demand. Ideal for a 1031 exchange buyer seeking stable, long-term cash flow with built-in tax protection.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,150,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $215,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 8.84% | Building Size | 6,762 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.4 | No. Stories | 4 |
| No. Units | 10 | Year Built | 2018 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R6 - Medium Density Residential. Permits multifamily use. 421-a tax abatement in place. | ||
| Price | $2,150,000 |
| Price Per Unit | $215,000 |
| Sale Type | Investment |
| Cap Rate | 8.84% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.4 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 6,762 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2018 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Medium Density Residential. Permits multifamily use. 421-a tax abatement in place. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Hardwood Floors
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,496 | - |
| 1+1 | 5 | $1,832 | - |
| 2+2 | 1 | $2,446 | - |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02620-0035 | Total Assessment | $586,350 (2026) |
| Land Assessment | $31,238 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $555,112 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
02620-0035
Land Assessment
$31,238 (2026)
Improvements Assessment
$555,112 (2026)
Total Assessment
$586,350 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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915 Eagle Ave | 915 Eagle Ave
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