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257 E 238th St, Bronx, NY 10470-1856 257 E 238th St Immeuble residentiel 5 lots 1 291 590 € (258 318 €/Lot) Bronx, NY 10470
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Informations principales sur l'investissement
- Fully occupied North Bronx multifamily investment spanning five apartments plus a bonus unit that can be used for storage or the super.
- Two-car garage accessed by a side driveway adds parking utility, a rare amenity among competitors in the market.
- Convenient proximity to major highways and multiple subway stations within 1 mile provide connectivity across the Bronx and Manhattan.
- Professionally maintained property with no rent control restrictions, offering ownership flexibility and long-term appreciation potential.
- Within walking distance of quality retail, dining, and service-based amenities on the Katonah Avenue corridor.
- Highly competitive multifamily submarket with vacancies of just 0.6%, no new inventory delivered since 2024, and 12-month rent growth of 1.9%.
Résumé analytique
257 E 238th Street presents the rare opportunity to acquire a cash-flowing multifamily investment in the North Bronx, one of the nation’s tightest rental markets. The professionally maintained building contains five apartment units plus an additional unit that can serve as storage or a superintendent’s space, creating operational flexibility for ownership. Built in 1927 and free of rent control restrictions, the property allows investors to avoid limitations often associated with older housing stock in the market. A two-car garage situated behind the building and accessed via a side driveway provides an additional amenity that is uncommon among comparable urban multifamily assets.
The property’s location supports long-term rental demand through convenient access to major transportation routes, including the Bronx River Parkway and Interstate 87. Residents are within walking distance of retail, dining, and everyday services along the Katonah Avenue corridor, while the 233 Street and Nereid Avenue subway stations are both located within 1 mile of the property, providing connectivity throughout the Bronx and into Manhattan.
Market fundamentals further reinforce the investment thesis. The 1-mile trade area features an average household income exceeding $92,000, while approximately 72% of nearby households are renter occupied, creating a substantial tenant base for quality rental housing. The surrounding multifamily submarket reports an exceptionally low 0.6% vacancy rate and has seen no new inventory delivered since 2024, underscoring the scarcity of available housing units. Rents in the area significantly exceed the Bronx average and rank among the top 30% of submarkets in the metro, supporting the property’s appeal to investors seeking dependable cash flow in a supply-constrained market.
Reach out to John Della today to schedule a tour and learn additional information. All prospects must show Proof of Funds prior to inspection.
Apartments:
1A- one bedroom- $1,850.00
2A- two bedroom- $2,200.00
2B- one bedroom- $1,900.00
3A- two bedroom- $2,300.00
3B- one bedroom- $2,000.00
Storage Area/Super- $1,400
Detached two car garage- 2 spaces ($250 ea.)- $500
TOTAL Monthly- $12,150.00
Expenses:
RE taxes- $24,015.40
water/sewer- $5,741.58
gas/electric- $11,500.00
Insurance- $18,368.69
The property’s location supports long-term rental demand through convenient access to major transportation routes, including the Bronx River Parkway and Interstate 87. Residents are within walking distance of retail, dining, and everyday services along the Katonah Avenue corridor, while the 233 Street and Nereid Avenue subway stations are both located within 1 mile of the property, providing connectivity throughout the Bronx and into Manhattan.
Market fundamentals further reinforce the investment thesis. The 1-mile trade area features an average household income exceeding $92,000, while approximately 72% of nearby households are renter occupied, creating a substantial tenant base for quality rental housing. The surrounding multifamily submarket reports an exceptionally low 0.6% vacancy rate and has seen no new inventory delivered since 2024, underscoring the scarcity of available housing units. Rents in the area significantly exceed the Bronx average and rank among the top 30% of submarkets in the metro, supporting the property’s appeal to investors seeking dependable cash flow in a supply-constrained market.
Reach out to John Della today to schedule a tour and learn additional information. All prospects must show Proof of Funds prior to inspection.
Apartments:
1A- one bedroom- $1,850.00
2A- two bedroom- $2,200.00
2B- one bedroom- $1,900.00
3A- two bedroom- $2,300.00
3B- one bedroom- $2,000.00
Storage Area/Super- $1,400
Detached two car garage- 2 spaces ($250 ea.)- $500
TOTAL Monthly- $12,150.00
Expenses:
RE taxes- $24,015.40
water/sewer- $5,741.58
gas/electric- $11,500.00
Insurance- $18,368.69
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Bilan financier (Réel - 2025) Cliquez ici pour accéder à |
Annuel | Annuel par m² |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
$99,999
|
$9.99
|
| Perte due à la vacance |
$99,999
|
$9.99
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Frais d’exploitation |
$99,999
|
$9.99
|
| Total des frais |
$99,999
|
$9.99
|
| Résultat net d’exploitation |
$99,999
|
$9.99
|
Bilan financier (Réel - 2025) Cliquez ici pour accéder à
| Revenu de location brut | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Autres revenus | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Perte due à la vacance | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Revenu brut effectif | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Taxes | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Frais d’exploitation | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Total des frais | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Résultat net d’exploitation | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
Informations sur l’immeuble
| Prix | 1 291 590 € | Classe d’immeuble | C |
| Prix par lot | 258 318 € | Surface du lot | 0,03 ha |
| Type de vente | Investissement | Surface de l’immeuble | 483 m² |
| Nb de lots | 5 | Occupation moyenne | 100% |
| Type de bien | Immeuble residentiel | Nb d’étages | 3 |
| Sous-type de bien | Appartement | Année de construction | 1927 |
| Style d’appartement | De faible hauteur | Ratio de stationnement | 0,04/1 000 m² |
| Zonage | R5B R4A - low-density residential zoning districts mapped across boroughs like the Bronx to preserve neighborhood scale. | ||
| Prix | 1 291 590 € |
| Prix par lot | 258 318 € |
| Type de vente | Investissement |
| Nb de lots | 5 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,03 ha |
| Surface de l’immeuble | 483 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 3 |
| Année de construction | 1927 |
| Ratio de stationnement | 0,04/1 000 m² |
| Zonage | R5B R4A - low-density residential zoning districts mapped across boroughs like the Bronx to preserve neighborhood scale. |
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 8+5 | 5 | - | - |
1 1
Exceptionnellement praticable à pied
100/100
Moyennement adapté aux voitures
60/100
Transports en commun exceptionnels
100/100
Très praticable en vélo
80/100
Taxes foncières
| Numéro de parcelle | 03379-0076 | Évaluation totale | 165 441 € (2026) |
| Évaluation du terrain | 1 758 € (2026) | Impôts annuels | -1 € (0,00 €/m²) |
| Évaluation des aménagements | 163 682 € (2026) | Année d’imposition | 2025 |
Taxes foncières
Numéro de parcelle
03379-0076
Évaluation du terrain
1 758 € (2026)
Évaluation des aménagements
163 682 € (2026)
Évaluation totale
165 441 € (2026)
Impôts annuels
-1 € (0,00 €/m²)
Année d’imposition
2025
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Présenté par
John Della
257 E 238th St, Bronx, NY 10470-1856 | 257 E 238th St
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