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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.

Attachments

Offering Memorandum
I&E

Data Room Click Here to Access

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
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 -
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100

Property Taxes

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
  • Listing ID: 40410060

  • Date on Market: 5/5/2026

  • Last Updated:

  • Address: 915 Eagle Ave, Bronx, NY 10456

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