Multifamily in the Bronx - FOR SALE | 1056–1064 Findlay Avenue

Description:

1056–1064 Findlay Avenue, The Bronx - Presenting this multifamily assemblage located in The Bronx’s Concourse Village neighborhood. The offering consists of three adjacent four-story walkups comprising a total of 27 apartments across approximately 27,168 gross square feet on a combined 10,800-square-foot parcel.

The property is designated Tax Class 2B, which provides annual assessment increase caps for qualifying multifamily buildings, offering a level of predictability in real estate tax growth compared to other asset classes.

The property boasts large, family-sized layouts, including 10 four-bed, 16 three-bed, and 1 two bed unit, as well as clean, well-maintained common areas with steel and marble staircases. The roofs have all been replaced within the past five years, including updated flashing and protective thorocoating on portions of the upper façade.

Each building has its own oil-fired boiler and separate hot water tank, including two 68-gallon tanks and one 119-gallon tank at 1056 Findlay. There is an encased, aboveground 1,500-gallon oil tank with weepholes at each property. Electrical service includes a central electric bank with breakers plus individual unit breakers. All tenant stoves are electric.

Residents benefit from strong transportation access, including nearby subway service and a Metro-North Melrose station located approximately four blocks away at East 162nd Street and Park Avenue, providing convenient commuter rail access. The surrounding area features established neighborhood retail corridors with grocery stores, pharmacies, dining options, schools, healthcare facilities, parks and recreational spaces that support consistent rental demand.

Pound for pound, this offering may be one of the most competitively priced rent-stabilized assets in the Bronx. Its scale, Tax Class 2B protections, and strong transit access make it a compelling long-term investment in a consistently in-demand rental market.

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