request_info_guest false
Street View
Map

43-Unit Walk-Up Multifamily · Pre-War Brick Construction

$7,500,000

501 East 234th Street, Bronx, NY 10470

Active
Last Updated: 05/19/2026

5.37

Cap Rate

43,000 sqft

Building Size

Details:
Cap Rate:    5.37%
Building Size:    43,000 sqft
Units:    43
Year Built:    1928
Price Per Sqft:    $174
Price Per Unit:    $174,419
Highlights:
  • $701,351 EGI from 42 occupied units · 97.7% occupancy
  • Priced 5.2% below selected comp avg ($/unit) · 14.7% below comps on $/SF
  • DCF intrinsic value ~$8.97M at 5% ROIC → ~$1.5M+ upside to ask
  • Mark-to-market upside on legacy below-market units · pre-war brick
  • Walking distance to Metro-North Woodlawn · 30 min to Midtown
Description:

43-Unit Pre-War Multifamily Walk-Up
• Marketplace listing — route qualified-buyer inquiries through Brevitas
• Unredacted rent roll, lease abstracts, 2022–2024 P&Ls, current tax bill, and DOB/HPD reports available on signed CA
• Tours by appointment, 48-hr notice

SUBMARKET
Woodlawn Heights, North Bronx. Walk to Metro-North Harlem Line (~28 min to Grand Central). Adjacent to Van Cortlandt Park.

Map:
Documents:
Title
Offering Memorandum
* Documents permissions are set by the listing owner, request information to access locked documents.
Location