Ad #7477343
MLS #979599
Calling All Investors, Developers & End-Users!!! 12.67 Cap 11
1215 Elder Ave, Bronx, New York, 10472
$1,400,000
--Beds
--Baths
--Sqft
0.092Acres
About this property
Calling All Investors, Developers & End-Users!!! 12.67 Cap 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. (13.57% Cap!!!)
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1913
0.092 Acres
5 Stories
On Street
Siding: Brick, Frame
Oil
$22,166 / yr property tax
Bronx County
Additional Photos
Contact Information
Richard Matt Shane
All Island Estates Realty Corp
516-279-8828
Location
Listing Agent: Richard Matt Shane 516-279-8828
Broker: All Island Estates Realty Corp 516-532-9184 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: All Island Estates Realty Corp 516-532-9184 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$1,400,000
--
Beds
--
Baths
--
Sqft
1215 Elder Ave, Bronx, New York, 10472
By contacting this agent you agree to these Terms and Conditions.
MLS# 979599
Calling All Investors, Developers & End-Users!!! 12.67 Cap 11
$1,400,000
1215 Elder Ave, Bronx, New York, 10472
--
Beds
--
Baths
--
Sqft
0.092
Acres
$1,400,000
1215 Elder Ave, Bronx, New York, 10472
-- Beds
-- Baths
-- Sqft
0.092 Acres
Calling All Investors, Developers & End-Users!!! 12.67 Cap 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. (13.57% Cap!!!)
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1913
0.092 Acres
5 Stories
EXTERIOR
On Street
Siding: Brick, Frame
INTERIOR
Oil
FINANCIAL & COMMUNITY
$22,166 / yr property tax
Bronx County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7477343
Viewed
8 times
Listing Status
Active
Added
Jun 30, 2026
Last Refresh
Jul 24, 2026 04:01:17 PM
Listing Information
Data Source
OneKey MLS
Source Property ID
979599
Listing Agent: Richard Matt Shane 516-279-8828
Broker: All Island Estates Realty Corp 516-532-9184 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: All Island Estates Realty Corp 516-532-9184 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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