5 months on rocket

1215 Bronx River Ave, Bronx, NY, 10472

$1,099,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
6 Full Baths
Multi
Schools Nearby

Location

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1215 Bronx River Ave, Bronx$1,099,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPrivate, Driveway
Year Built1926
HeatingNatural Gas, Hot Water
BasementYes
MLS #3518822
Lot Size0.06 Acres
StatusActive
(A)

About 1215 Bronx River Ave

**Will be delivered Vacant** Unlock the full potential of real estate success with this extraordinary 4 Family set up-a cash-flow masterpiece strategically poised for profitability in every facet. Discover a property with not just size but vision, boasting an expansive lot and incredible R6/M1-1 zoning that sets the stage for a truly one-of-a-kind opportunity. A mere stone's throw away from the Cross Bronx Expressway and Hutchison River Parkway, this income-producing Property offers unparalleled connectivity, ensuring your investment thrives in a high-demand location. This is not merely a property; it's a financial engine. With thoughtfully designed units, each tailored to house spacious layouts, your investment is set to generate robust and consistent income streams. The canvas for your real estate dreams awaits! The massive lot size not only accommodates the existing quadruplex but opens the door to limitless possibilities for expansion and development. The incredible zoning potential of R6/M1-1 empowers you to dream big. Whether it's building upward or exploring diverse uses, this property adapts to your vision, ensuring lasting value and adaptability. Surrounding the property are restaurants, laundromats, banks, and a pharmacy, ensuring your residents experience the epitome of comfort. Additionally, gyms, shops, and bus stops are mere steps away. The main line for the 6 train is within a stone's throw, providing unparalleled access to public transportation and enhancing the property's appeal to potential tenants. Beyond the existing quadruplex configuration, envision the potential for this property to function as more units. Explore the possibilities, whether it's optimizing for increased rental income or catering to varied tenant needs. Seize this colossal opportunity to redefine your real estate portfolio. Whether you're an experienced investor or a visionary looking to make a mark, this 4-family quadruplex offers the perfect blend of immediate returns and future growth potential. Act now and position yourself at the forefront of real estate success!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1926

Listing Office:

  • Office Name: Coldwell Banker American Homes
  • Office Phone: (516) 825-6511

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Private, Driveway

Lot Features

Lot Information:

  • Lot: Near Public Transit, Private
  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,099,000

Tax Information:

  • Annual Amount: $13,504
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Bronx, NY.

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Bronx, NY

City

Med. List Price

$572.4K

Med. Price/SqFt

$341

Avg. Days On Market

171

# of Sold Homes

125

1215 Bronx River Ave vs Bronx

153 DAYS ON ROCKET

-18 Days

$1,099,000

+$526.5K More

KEY TAKEAWAY

This property is $526.5K more than the Median List Price in Bronx, NY.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #3518822

Listing Office:

  • Office Name: Coldwell Banker American Homes
  • Office Phone: (516) 825-6511

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/1/2024, 9:11:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 19, 2018Home Sold
$785,000
Jan 14, 2015Home Sold
$425,000

Tax History

YEARPROP. TAXASSESSMENT
2020$13,504$263,250
2018$11,444$97,167
2017$10,741$89,976

History based on county public records data.

Payment Calculator

$5,553

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,361

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4130860
5
/10

  • PS 66 School of Higher Expectations

  • 1001 Jennings St

  • 0.26 miles

  • Public District Grades PK-5

school-card-donut-4130861
3
/10

  • PS 196

  • 1250 Ward Ave

  • 0.33 miles

  • Public District Grades PK-5

school-card-donut-4130862
3
/10

  • PS 195

  • 1250 Ward Ave

  • 0.33 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,375. The majority of Bronx, NY residents have income less than $35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Bronx County›Bronx›10472›1215 Bronx River Ave

This home is located at 1215 Bronx River Ave in Bronx, NY and zip code 10472 in the Southeast Bronx neighborhood. This home, which was built in 1926, sits on a 0.06 acre lot. Features: 7 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 30, 2023 and is currently priced at $1,099,000.

Between February 2024 and March 2024, Bronx, NY real estate market has seen increase in the number of listings by 5.3%. Listings spent 171 days on the market in March 2024, and had a median list price of $572,405 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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