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959 Anderson Ave
Bronx, NY 10452

Residential Property For Sale · 25 Units

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Executive Summary

This Bronx new construction building is now available to purchase at a discounted price. This occupied property is brand new with strong cash flow, immediately benefiting from a 35 year 421a tax abatement in place.
Investment Highlights:
• Brand New Construction Building
• 7 Stories, 18,781 SF
• 25 Units, 6 Parking Spaces
• Breakdown: 1 Studios, 15 1BR's, 9 2BR's

PROPERTY FACTS

Price Per Unit	£314,022	Lot Size	0.12 AC
Sale Type	Investment	Building Size	18,871 SF
Net Initial Yield	8.50%	Average Occupancy	100%
No. Units	25	Number of Floors	7
Property Type	Residential	Year Built	2022
Property Subtype	Apartment	Parking Ratio	0.42/1,000 SF
Apartment Style	Mid Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B

Price Per Unit	£314,022
Sale Type	Investment
Net Initial Yield	8.50%
No. Units	25
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	B
Lot Size	0.12 AC
Building Size	18,871 SF
Average Occupancy	100%
Number of Floors	7
Year Built	2022
Parking Ratio	0.42/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning
Microwave

Kitchen

Refrigerator

Oven

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
Studios	1	-	-
1+1	15	-	-
2+1	9	-	-

PROPERTY TAXES

Parcel Number	02507-0032	Improvements Assessment	£1,132,254
Land Assessment	£31,510	Total Assessment	£1,163,765

PROPERTY TAXES

Parcel Number

02507-0032

Land Assessment

£31,510

Improvements Assessment

£1,132,254

Total Assessment

£1,163,765

zoning

Zoning Code	R7-1
R7-1

Listing ID: 33924689
Date on Market: 19/11/2024
Last Updated:
Address: 959 Anderson Ave, Bronx, NY 10452

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