2311 Creston AveThe Bronx, NY 10468

For Sale
$1,200,000

Three-unit building, 6.91% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional three-unit multifamily property, located at 2311 Creston Avenue in the Bronx, New York (zip code 10468), presents a compelling investment opportunity. The building is fully renovated and currently boasts 100% occupancy, generating a strong net operating income (NOI) of $82,968, resulting in an attractive 6.91% capitalization rate. Offered at $1,200,000, this turnkey property is ideal for both seasoned investors seeking portfolio expansion and newcomers to the multifamily market. Its prime Bronx location near Fordham University makes it particularly attractive, given its potential for strong rental demand. The property is not subject to a ground lease. This is a rare chance to acquire a well-maintained, high-performing asset in a desirable area. The property's classification includes both apartment building and student housing, reflecting its versatility and appeal to a broad range of tenants. Detailed financial information is available upon request. Don't miss this opportunity to secure a profitable investment in a thriving New York City neighborhood.

Property Details for 2311 Creston Ave

Property type
Multifamily properties, Apartment buildings
Units
3

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.8582792
Longitude
-73.9009027
2311 Creston Ave, The Bronx, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2311 Creston Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message