This newly constructed conversion 10-unit multifamily property in the Bronx which is fully free market presents a rare opportunity to acquire a turnkey asset built to exceptional standards. The building features a highly desirable unit mix of 8 one-bedroom units and 2 studios, all thoughtfully designed with modern layouts and premium finishes.
Every unit is ADA compliant, offering long-term accessibility and broader tenant appeal, while the property benefits from all final sign-offs and a newly issued Certificate of Occupancy—eliminating any development risk and allowing for immediate income generation.
Finished to an extremely high specification, the building delivers a luxury rental experience that supports strong rents and consistent demand. With limited expected turnover and a tenant profile aligned with stability, this asset is positioned to operate as a reliable, high-performing cash-flow investment.
This is an ideal opportunity for investors seeking a low-maintenance, income-producing property in a strong rental market with long-term upside.
-9 cap at occupancy
- $265,000 NOI projected
113 days
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95
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2
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Zillow last checked:
Listing updated:
Listed by:
Renaissance Realty Consulting Group Inc347-886-4780,
Gidon Eichhorn
Source: StreetEasy,MLS#: S1817793
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 1
Full bathrooms: 1
Features
Flooring: Hardwood
Has fireplace: No
Interior area
Total structure area: 5,500
Total interior livable area: 5,500 sqft
Property
Accessibility
Accessibility features: Wheelchair Access
Details
Parcel number: 031980141
Special conditions: Resale
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Condition
Year built: 1933
Community & HOA
Community
Subdivision: University Heights
Location
Region: Bronx
Financial & listing details
Price per square foot: $564/sqft
Tax assessed value: $834,000
Annual tax amount: $13,200
Date on market: 3/24/2026
Estimated market value
Zestimate®
$3,044,000
Estimated sales range
$2.89M - $3.20M
Rent Zestimate®
$2,822/mo
Price history
Date
Event
Price
5/19/2026
Price change
$2,850,000-5%$518/sqft
Source: OneKey® MLS as distributed by MLS GRID #975845Report a problem
4/14/2026
Price change
$3,000,000-3.2%$545/sqft
Source: OneKey® MLS as distributed by MLS GRID #975845Report a problem
3/24/2026
Listed for sale
$3,100,000+206.9%$564/sqft
Source: OneKey® MLS as distributed by MLS GRID #975845Report a problem
9/24/2025
Sold
$1,010,000+6.3%$184/sqft
Source: OneKey® MLS as distributed by MLS GRID #H6313566Report a problem
4/29/2025
Pending sale
$950,000$173/sqft
Source: OneKey® MLS as distributed by MLS GRID #H6313566Report a problem
6/20/2024
Listed for sale
$950,000$173/sqft
Source: OneKey® MLS as distributed by MLS GRID #H6313566Report a problem
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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