1215 Elder Avenue Bronx, NY $ 1,950,000
1215 Elder Avenue
$ 1,950,000
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1215 Elder Avenue

Bronx, NY, 10472
$ 1,950,000
Bedrooms-- Baths-- Sq 16,200

Monthly Estimate*

$ 12,006

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Commercial Property for sale in Bronx, NY

for $1,950,000. This 16,200 square foot building was built in 1913 on a lot size of 0.091827.

Calling All Investors, Developers & End-Users!!! 11 Unit Bronx Apartment Building Near Westchester Ave. For Sale!!! The Building Features Excellent Signage, Great Exposure, C4-2 (R6 Equivalent) Zoning, High 9’ Ceilings, (11) 3 Br. Apartments, 5 Stories, Large Rear Yard, All New LED Lighting, 3 Phase Power, A/C, +++!!!! The Property Is Located In The Heart Of Park Versailles Just Off Busy Westchester Avenue!!! The Property Is Situated Between The Bronx River Pkwy., I-95, I-278 & Sheridan Blvd.!!! Neighbors Include Chase Bank, Bank Of America, Verizon, T-Mobile, AT & T, Extra Space Storage, CubeSmart Self Storage, Boost Mobile, CVS, Dunkin’, CityMD, Shell, BP Gas, Foot Locker, Cookie’s Department Stores, McDonald’s, Burger King, Papa John’s, Domino’s, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 11/30/26. Unit 2 (3 Br. Apt.): $27,710.04 Ann. Lease Exp.: 11/30/27. Unit 3 (3 Br. Apt.): $26,694.48 Ann.; Lease Exp.: 10/31/27. Unit 4 (3 Br. Apt.): $13,501.20 Ann.; Lease Exp.: 7/31/27. Unit 5 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 12/31/26. Unit 6 (3 Br. Apt.): $31,866.24 Ann.; Lease Exp.: 11/30/26. Unit 7 (3 Br. Apt.): $18,014.16 Ann.; Lease Exp.: 12/31/27. Unit 8 (3 Br. Apt.): $21,845.88 Ann.; Lease Exp.: 8/14/27. Unit 9 (3 Br. Apt.): $29,925.12 Ann.; Lease Exp.: 3/31/26. Unit 10 (3 Br. Apt.): $25,299.72 Ann.; Lease Exp.: 11/30/26. Unit 11 (3 Br. Apt.): $23,789.88 Ann.; Lease Exp.: 10/31/27. Gross Income: $266,388 Ann. Expenses: Gas: $21,865.40 Ann. Electric: $2,500 Ann. (Common Areas Only) Maintenance & Repairs: $5,500 Ann. Insurance: $10,000 Ann. Water & Sewer: $14,317.93 Ann. Taxes: $22,166.32 Ann. Total Expenses: $76,349.65 Ann. Net Operating Income (NOI): $190,038.35 Ann. (9.75 Cap!!!)

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Commercial Active

Price

$ 1,950,000

Property Type

Commercial

Taxes

$ 22,166

Style

Multi Family

Lot Size

0.091827

Year Built

1913

Town/City

Bronx

County/Region

Bronx

MLS | Web ID

979599

Features
General
Sewer Public Sewer
Heating Oil
Cooling Multi Units
Utilities See Remarks
Construction Materials Brick Frame
Year Built 1913
Property Subtype Multi Family
Tax Year 2026
Parcel Number 03772-0062
Business Type Residential
County Bronx County
Property Type Commercial Sale
City New York
Number Of Units Total 11
Property Attached Y/N Y
Tax Annual Amount 22166
Building Area Units Square Feet
Standard Status Active
Tax Lot 62
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Exterior
Parking Features On Street On Street
Water Source Public
Building Area Total 16200
Waterfront Y/N N
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Interior
Total Stories 5
Basement (Y/N) N
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Internal Only
Street Number 1 1215
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* Excluded Features
List By
Richard Matt Shane

Listing Agent

All Island Estates Realty Corp

Broker

516-783-5600

Contact

Affordability Calculator

$13,854
Per Month
87%
13%
0%
Monthly Principal & Interest
$12,006
Monthly Property Taxes
$1,847
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2026$1,950,000 Listed Price

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1215 Elder Avenue, Bronx, NY, 10472 is a Commercial Property for sale at $1,950,000 with 16,200 sqft and a lot size of 0.091827. 1215 Elder Avenue was built in 1913. The property's zip code is 10472 which is in Bronx, NY