62-Unit Bronx Corner Elevator Building

Description:

920–928 East Tremont Avenue, Bronx, NY - Also known as 1950 Daly Avenue, Team Lala of RM Friedland is pleased to exclusively present the opportunity to acquire this six-story elevator serviced mixed-use building consisting of 62 total units, including 55 residential apartments, 6 ground-floor storefronts (5 tenants), plus a first floor non-profit space.

Built in 1929, the property contains approximately 64,440 gross square feet, including an estimated 8,000 square feet of retail space. The building sits on a 13,928-square-foot parcel and is located within an R7-1/C1-4 zoning district. The property currently benefits from a J-51 tax abatement.

The retail component provides diversified income and long-term tenancy, with several leases extending into the 2030s. The corner positioning offers strong visibility along a heavily trafficked corridor.

The building features spacious common areas, including a lobby with original details and terrazzo floors, keyfob digital entry, an intercom directory, a classic elevator cab, and two steel and marble stairwells. Systems include new gas lines and meters installed approximately four years ago, circuit breakers throughout with apartment subpanels, a dual-fuel boiler (currently on gas), a 5,000-gallon above-ground oil tank, and a rubber roof with many replaced coping stones and some new metal flashing along the parapet.

Residents benefit from an active commercial corridor with continuous ground-floor retail and heavy pedestrian traffic. The area is served by multiple bus lines along East Tremont Avenue and nearby subway service along the White Plains Road corridor.

This offering presents the opportunity to acquire a sizable corner elevator asset with residential scale, commercial diversification, and long-term upside potential in a well-established Bronx corridor.

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