request_info_guest false
Street View
Map
1 Photo

Newly Constructed Multifamily Building with 421-a Tax Abatement in Bronx’s Little Italy

$3,750,000

2333 Beaumont Avenue, Bronx, NY 10458

Active
Last Updated: 10/15/2026

7.42

Cap Rate

278,353

NOI

Details:
Cap Rate:    7.42%
NOI:    $278,353
Building Size:    7,942 sqft
Lot Area:    3,050 sqft
Units:    12
GRM:    10.53
Year Built:    2023
Price Per Sqft:    $472
Price Per Unit:    $312,500
Zoning:    R7-1
Floors:    4
Highlights:
  • 2022 Construction with 421-a Tax Benefit: Modern, 12-unit residential building spanning 7,942 gross square feet and benefitting from a long term 421-a tax abatement through 2059.
  • Turnkey Condition & Unit Breakdown: Delivered in prestige condition requiring zero near term cap-ex, across a unit breakdown of four (4) studios, one (1) one-bedroom, three (3) two-bedroom, and four (4) three-bedroom apartments.
  • Hybrid Rent Roll: Features five (5) fully Free Market units averaging over $3,000 per month alongside seven (7) Rent-Stabilized units with favorable initial rents averaging roughly $2,100 per month.
  • Prime Belmont Location: Within a short walk to Little Italy, St. Barnabas Hospital, Fordham University, and the East Fordham Road Commercial District.
Map:
Documents:
Title
Listing Setup
View
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery