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2116 Colonial Ave
Bronx, NY 10461 Middletown-Pelham Bay

$4,800,000 USD

Apartments For Sale  •  13,900 SF

Property Details

  • Property Type Apartments
  • Total Building Size 13,900 SF
  • Lot Size 0.09 AC
  • Building Class A
  • Year Built 2022
  • Zoning R7-1
100 Transit Score
90 Walk Score

Highlights

Modern seven-story elevator apartment building completed in 2020.
Includes 16 units with an efficient mix of studios, one-bedroom, and two-bedroom configurations.
Benefits from a 35-year 421a tax exemption effective through 2055, dramatically reducing annual taxes.
Located in Pelham Bay near Pelham Bay Park, providing abundant recreational amenities and transit accessibility.
Offers strong in-place income with year-one Net Operating Income of approximately $359,000.
Thoughtfully designed common areas with laundry facilities and onsite parking accommodations.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Williams Bridge Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) 10 min - 3.7 mi
Botanical Garden Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) 13 min - 5.1 mi
Transit/SubwayDriveWalkDistance
Pelham Bay Park (6 - New York MTA Subway (The Subway)) 1 min 10 min 0.3 mi
Buhre Avenue (6 - New York MTA Subway (The Subway)) 2 min 13 min 0.7 mi
Middletown Road (6 - New York MTA Subway (The Subway)) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
LaGuardia 19 min - 9.8 mi
John F Kennedy International 28 min - 17.4 mi
Westchester County 33 min - 20.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Amit Doshi 212-468-5959 Meridian Investment Sales
Amit Doshi 212-468-5959 Meridian Investment Sales