For SaleAvailableMultifamily
1684 Grand Avenue
Bronx
Ten apartments at an 8.82% cap
1 / 5Overview
A three-storey, ten-unit building in the Bronx asking $2,800,000 at an 8.82% cap. The rent roll totals $25,819 monthly — $309,828 annually — across six studios, three one-bedrooms and one two-bedroom. After a 5% vacancy allowance and $47,445 of estimated expenses, NOI is $246,892. Tenants pay heat and hot water.
Highlights
- 10 apartments across 3 storeys
- 8.82% current cap rate
- $309,828 annual rent roll
- $246,892 NOI after a 5% vacancy allowance
- Building 20 x 45 FT, lot 25 x 100 FT
- Tenants pay heat and hot water
- Tax class 2B
Investment summary
- Asking price
- $2,800,000
- Category
- Investment Sale
- Cap rate
- 8.82%
- NOI
- $246,892
- Gross income
- $309,828
- Operating expenses
- $47,445
- Annual taxes
- $8,650
- Occupancy
- 95%
- Residential units
- 10
- Tax class
- 2B
Property
- Address
- 1684 Grand Avenue, Bronx, NY 10453
- Lot size
- 2,500 SF
- Frontage
- 20 FT
- Stories
- 3
- Listed
- August 31, 2026
Location
Loading map…