3194 Webster AveThe Bronx, NY 10467

For Sale
$1,800,000

7-Unit Building, High NOI, Fully Leased

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 7-unit mixed-use building in the Bronx, NY, presents a compelling investment opportunity. Priced at $1,800,000, this fully leased property boasts a substantial Net Operating Income (NOI) of $117,281, translating to a 6.52% cap rate. The 4,350 square foot building, constructed in 1920, sits on a 0.048-acre lot and features three stories. The property includes five residential units – three two-bedroom and two one-bedroom apartments – all featuring premium finishes such as refinished hardwood floors, granite countertops, stainless steel appliances, and updated bathrooms. Two commercial units, currently leased to a business center, are situated in an electric-gated storefront with flexible configuration options. A finished basement with ample storage and a private fenced backyard adds significant value. The building benefits from recently upgraded plumbing and electrical systems. The property is zoned R7D, C2-4, and its prime location on Webster Avenue ensures high traffic visibility. This turn-key investment offers immediate income and strong potential for future growth. The APN is 03357-0060.

Highlights

  • $1,800,000 Asking Price
  • Mixed-use, multifamily apartment building with 7 units
  • 100% occupancy, generating a $117,281 NOI and a 6.52% cap rate
  • Located at 3194 Webster Ave, Bronx, NY 10467, on a 0.048-acre lot
  • Features 5 renovated free-market residential units (three 2-bedroom, two 1-bedroom) and 2 commercial units.

Property Details for 3194 Webster Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
4,350 SF
Class
C
Year Built
1920
Buildings
1
Stories
3
Lot Size (sq. ft)
2,091 SF
Units
7

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.873353
Longitude
-73.8744092
3194 Webster 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].
3194 Webster 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