1550 Bryant Avenue

Overview

A nine-unit free-market building in the Bronx, approximately 4,497 SF on a 2,000 SF lot. Currently returning 8.10% on an asking price of $2,900,000 — $322,222 per unit, $644 per square foot. The rent roll runs one basement two-bedroom, six studios and two further two-bedrooms. Tenants pay heat, hot water and gas. Bringing the studios to $2,646 and the two-bedrooms to $3,058 takes the proforma to $249,644 NOI, an 8.61% cap.

Highlights

• 9 free-market apartments
• 8.10% current cap rate
• $322,222 per unit · $644 per SF
• 4,497 approx SF on a 2,000 SF lot
• Building 20 x 50 FT, lot 20 x 100 FT
• Tenants pay heat, hot water and gas
• Proforma 8.61% cap at $249,644 NOI

Investment summary

Asking price

$2,900,000

Category

Investment Sale

Cap rate

8.10%

NOI

$234,969

Gross income

$284,988

Operating expenses

$50,019

Annual taxes

$12,670

Residential units

9

Tax class

2B

Property

Address

1550 Bryant Avenue, Bronx, NY 10460

Building size

4,497 SF

Lot size

2,000 SF

Frontage

20 FT

Listed

August 31, 2026