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22684293
22684294

686 EAGLE AVE, BRONX, NY 10455

AC
NY 10401308357
AMO Realty
Listed by AMO Realty
$6,500,000
457 days on market
Updated 155 days ago
Opportunity zone

421A - 35YR | A-Class Asset | Contemporary Living Bronx

Details
Property Type Multifamily, Special Purpose
Sub Type Apartment Building, Garage/Parking
Square Footage 9,207
Units 13
Cap Rate 6.13%
NOI $398,659
Occupancy 100%
Tenancy Multi
Lease Type Net
Lease Term 1
Lease Expiration 04/30/2026
Rent Bumps No
Lease Options 1-2 Year
Pro-Forma NOI $450,703
Class A
Year Built 2025
Year Renovated 2025
Buildings 1
Stories 5
Lot Size (SqFt) 4,025
Zoning R6
Parking Spaces 4 spaces
Parking Per SqFt 0.43
Investment Type Stabilized
Tenant Credit Credit Rated
Lease Commencement 05/01/2025
Occupancy Date 03/29/2025
Ground Lease No
Ceiling Height 9

421A | New Construction | Market Rent Roll | Qualified and Vetted Tenants

Marketing description

686 Eagle Ave — Premier New Construction with 35-Year 421a Tax Abatement

Key Highlights:

  • 35-Year 421a Tax Abatementthe ultimate advantage for long-term investors ($97, 176 Annual Savings)

  • Brand New Construction (2024) built with Supreme Durability built structurally of Concrete, Block, and Steel

  • Major Building Systems & Equipment Under Warranty Services (Details Attached)

  • Fully Leased to vetted tenants (voucher-backed, 650+ credit scores)

  • Generating strong market-rate rents in a high-demand rental corridor

  • Modern layouts and finishes designed for today’s renters

  • Turnkey, low-maintenance asset in a prime South Bronx location

  • Excellent proximity to public transit, parks, and shopping

Investment highlights

Investment Highlights – 686 Eagle Ave

  • 421a tax abatement

  • New construction

  • Concrete, block, and steel structure

  • All systems and appliances under warranty

  • Fully leased

  • Vetted voucher tenants with strong credit

  • High market rents

  • Modern layouts and finishes

  • Rear parking for additional income and storage

  • Storage income potential

  • Prime South Bronx location

  • Strong rental demand

  • Turnkey asset

  • Low maintenance requirements

Listing Contacts

AC
NY 10401308357
AMO Realty
Listed by AMO Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$398,659.00
$33,221.58/mo

Valuation Metrics

0
DSCR
6.13%
Cap Rate
6.13%
ROI

Map

Zoning

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R6 ResidentialMulti FamilyGeneral Residence
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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