Rare 10-Unit Fully Free Market Student Housing Asset in Prime Belmont

$3,900,000

2486 Hughes Avenue, Bronx, NY 10458

For Sale

Mixed Use

Active

Last Updated: 06/17/2026

Cap Rate: 7.33%

NOI: $286,035

Building Size: 7,500 sqft

Lot Area: 2,185 sqft

Units: 10

Zoning: R6

Floors: 4

100% Free Market Mixed-Use Asset: Rare opportunity to acquire a ten (10) unit, fully free market mixed-use building in the prime Belmont/Little Italy Section of the Bronx
Prime Student Housing Location: Strategically positioned in the heart of Belmont, a premier submarket driven by high-volume rental demand from the Fordham University student body and the iconic Arthur Avenue commercial corridor
Turnkey Condition: Delivered with zero near-term capital expenditures, spanning 7,500 gross square feet and consisting of six (6) two-bedroom and three (3) three-bedroom layouts above one (1) ground-floor commercial space (currently used as a common area for students)
Near Term Rental Upside: Upcoming lease expirations through late 2026 and mid-2027, presenting a clear path to capture increased revenue upon turnover
Protected Tax Class: Benefits from the highly coveted 2B Tax Class designation, which legally caps future real estate tax assessment increases and ensures expense predictability

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