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1215 Elder Ave
Bronx, NY 10472 Parkchester

$1,950,000 USD

Apartments For Sale • 10,907 SF

Property Details

Property Type Apartments
Total Building Size 10,907 SF
Lot Size 0.09 AC
Building Class C
Year Built 1913
Cap Rate 9.75 %
Zoning C4-2, Bronx, (C1)

100 Transit Score

100 Walk Score

                
                    Highlights
                
                                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,  Large Rear Yard, +++!!
                            
                                Located In The Heart Of Park Versailles Just Off Busy Westchester Ave. & 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, +++!!!
                            
                                 This Property Offers HUGE Upside Potential!!! 
                            
                                This Could Be Your Next Development Site Or The Next Home For Your Business!!!

Financial Summary (Actual)

Net Operating Income: $190,039 USD (2025)

Cap Rate:	9.75 %
Total Expenses:	$76,349 USD

Amenities

24 Hour Access
Air Conditioning
Controlled Access
Fenced Lot
Security System
Heating
Recycling
Smoke Free
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Storage Space
Bicycle Storage
Maintenance on site
Public Transportation

Public Transportation

Commuter Rail	Drive	Walk	Distance
Melrose Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North))	7 min	-	2.6 mi
Tremont Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North))	6 min	-	2.8 mi
Transit/Subway	Drive	Walk	Distance
Elder Avenue (6 - New York MTA Subway (The Subway))	2 min	1 min	0.0 mi
Morrison-Sound View Avenues (6 - New York MTA Subway (The Subway))	2 min	6 min	0.3 mi
Whitlock Avenue (6 - New York MTA Subway (The Subway))	2 min	9 min	0.5 mi
St Lawrence Avenue (6 - New York MTA Subway (The Subway))	2 min	14 min	0.7 mi
Freeman Street (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway))	3 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
LaGuardia	18 min	-	8.6 mi
John F Kennedy International	27 min	-	17.8 mi
Newark Liberty International	30 min	-	24.9 mi

Matthew Shane 516-279-8828 All Island Commercial

1215 Elder Ave Bronx, NY 10472 Parkchester