NY > Bronx
Bronx, NY 10472,1349 Elder AVE
Bronx, NY 10472,1349 Elder AVE
Bronx, NY 10472,1349 Elder AVE
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Haniff Baksh

Haniff Baksh

BesMatch Real Estate

+1(718) 324-6060
$1,225,000
Est. payment /mo
8,524 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 895571

Rental Info No

Year Built 1926

Annual Tax Amount $13,174

Lot Size 8,524 Sqft

Acres 0.1957

Property Sub-Type Mixed Use

Source onekey2

Property Description

Excellent investment opportunity in the Soundview section of the Bronx: a solid brick mixed-use building consisting of three residential apartments (two 1-bedroom units and one 2-bedroom unit) and two ground-floor commercial storefronts, one currently leased. Legal 3 family + 2 storefronts.

The property is projected to generate $147,384 in gross annual income with low annual property taxes of just $13,000, offering investors a strong 11% cash-on-cash return based on conservative underwriting.

Centrally located near public transportation, the building is just blocks from the Elder Ave 6 train station, major MTA bus lines, and close to the Bruckner and Cross Bronx Expressways, ensuring high accessibility for both tenants and businesses.

A high-yield, low-maintenance asset with upside potential in a growing corridor.

Location

State NY

County Bronx County

Rooms

Basement Unfinished

Interior

Heating Natural Gas, Radiant, Steam

Cooling Wall/Window Unit(s)

Flooring Hardwood

Fireplace No

Exterior

Fence Fenced

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

Building

Sewer Public Sewer

Water Public

Structure Type Stone

Others

Special Listing Condition None

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Listed by YourHomeSold Guaranteed Realty • Bryant Moran

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Haniff Baksh
Haniff Baksh

Broker | License ID: 10311202741

+1(718) 324-6060

4627 White Plains Rd, Bronx, NY, 10470-1612, USA

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1349 Elder AVE

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