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Fully Abated Bronx Elevator Building With Office/Community Space Located Near "The Hub" Shopping And Transportation

$4,395,000

921 Eagle Avenue, Bronx, NY 10456

Active
Last Updated: 03/03/2025

9.3

Cap Rate

407,292

NOI

Details:
Cap Rate:    9.3%
NOI:    $407,292
Building Size:    10,215 sqft
Lot Area:    2,500 sqft
Units:    11
Year Built:    2021
Zoning:    R6
Floors:    6
Description:

921 Eagle Avenue, The Bronx - Presenting this 11-unit multifamily property, located on the west side of Eagle Avenue just south of East 163rd Street and in close proximity to The Hub, often referred to as "the Broadway of the Bronx." The Hub is a major commercial center located at the convergence of East 149th Street, Melrose Avenue, and Third Avenue, featuring a mix of retail stores, restaurants, and essential services.

Completed in 2022 and benefiting from a 35-year 421a tax abatement, the property consists of a single six-story building, totaling approximately 10,215 square feet, and includes ten 2-bedroom apartments plus an office/community space.

This well-maintained brick-faced building features a steel and glass entrance, a video intercom system, and tiled common areas and hallways. The building is further enhanced with steel staircases and a rubber roof with stucco parapet walls. The structure is fully sprinklered throughout. Utilities are efficiently managed with electric stoves and circuit breakers in each unit. The building has no basement, and individual hot water tanks are located on the roof. Each apartment is equipped with heating and air conditioning wall units. Additionally, security is a priority, with a surveillance system in place featuring multiple security cameras.

Tenants benefit from the property’s strategic location, offering a variety of shopping, dining, and transportation options. The building is near The Hub’s bustling retail district, grocery stores, pharmacies, and public transportation, providing residents with convenient access to essential services and commuter routes. The nearby 2 and 5 subway lines at the 3rd Avenue-149th Street station, along with multiple bus lines, ensure easy connectivity to other parts of the Bronx and Manhattan.

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