Art Deco Corner Elevator Building In The Bronx – 41 Apartments
$3,495,000
2230 Tiebout Avenue, Bronx, NY 10457
7.37
Cap Rate
257,559
NOI
Details:
Description:
2230 Tiebout Avenue, The Bronx - Team Lala of RM Friedland is pleased to present 2230 Tiebout Avenue, a six story Art Deco-style corner building located in the Fordham section of the Bronx. Built in 1937 and encompassing approximately 37,260 square feet, this elevator-serviced property contains 41 residential apartments, all of which are rent-stabilized. The building sits on a 6,900 square foot corner lot in an R7-1 zone.
This classic pre-war asset offers spacious layouts with an average apartment size of approximately 800 square feet. The unit mix includes a balance of studios, one-bedrooms, and two-bedrooms, with average monthly rents of $1,182 per unit or $374 per room—suggesting meaningful upside in a future post-HSTPA era.
Located just a short walk from the bustling Fordham Road corridor, the property is near the B and D subway lines at Grand Concourse, the Metro-North Fordham station, and major bus routes. Residents benefit from convenient access to Fordham University, St. Barnabas Hospital, Fordham Road retail, the Bronx Zoo, and multiple neighborhood parks.
This is a rare opportunity to acquire a well-maintained, income-generating Art Deco building in a vibrant, high-demand Bronx neighborhood with demonstrated rental upside and strong long-term positioning.
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