2414 Cambreleng Ave
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2414 Cambreleng Ave
13 Unit Block of Flats £3,555,045 (£273,465/Unit) 7.64% Net Initial Yield Bronx, NY 10458
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 2414 Cambreleng Avenue. The subject property offers a brand-new construction 4-story building that is located in the Little Italy section of the Bronx.
The building is made up of thirteen apartments broken down into one studio, twelve 1-bedrooms. The building benefits from having a 421-A tax abatement giving a yearly tax bill of $2,937.48 for 30 years. The property will be delivered vacant with a C/O.
Built in 2024, the property is 50 feet wide and 55.1 feet deep, giving a total of 11,020 square feet.
The building is within walking distance to the B & D subway lines and the Fordham Metro-North Station.
The building is made up of thirteen apartments broken down into one studio, twelve 1-bedrooms. The building benefits from having a 421-A tax abatement giving a yearly tax bill of $2,937.48 for 30 years. The property will be delivered vacant with a C/O.
Built in 2024, the property is 50 feet wide and 55.1 feet deep, giving a total of 11,020 square feet.
The building is within walking distance to the B & D subway lines and the Fordham Metro-North Station.
Property Facts
| Price | £3,555,045 | Apartment Style | Mid Rise |
| Price Per Unit | £273,465 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Net Initial Yield | 7.64% | Building Size | 11,020 SF |
| Gross Rent Multiplier | 10.68 | Number of Floors | 4 |
| No. Units | 13 | Year Built | 2024 |
| Property Type | Residential | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | £3,555,045 |
| Price Per Unit | £273,465 |
| Sale Type | Investment |
| Net Initial Yield | 7.64% |
| Gross Rent Multiplier | 10.68 |
| No. Units | 13 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 11,020 SF |
| Number of Floors | 4 |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 12 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Rider's Paradise (94)
PROPERTY TAXES
| Parcel Number | 03090-0006 | Improvements Assessment | £252,764 |
| Land Assessment | £72,096 | Total Assessment | £324,860 |
PROPERTY TAXES
Parcel Number
03090-0006
Land Assessment
£72,096
Improvements Assessment
£252,764
Total Assessment
£324,860
zoning
| Zoning Code | R6 |
| R6 |
-
Derek Bestreich -
Jared Friedman -
David Roman -
Investment Property Realty Group
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2414 Cambreleng Ave
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