771 & 775 E 185 Th St
Multifamily | 9.14% CAP | 41 Units
Marketing description
Kassin Sabbagh Realty (KSR) is proud to represent 771 and 775 E 185th St in the Belmont/East Tremont section of the Bronx (10460) are adjacent 5‑story, early-20th‑century multi‑family apartment buildings, each totaling around 17,200 sq ft and built in 1931.
Both properties benefit from strong walkability, proximity to public transit, local amenities including shopping, several parks (notably Bronx Zoo and Botanical Garden), St. Barnabas Hospital, and neighborhood retail such as a nearby salon. They reflect the densely populated, diverse character of the area, though prospective investors should closely review building records, rent rolls, and interior condition before moving forward.
Belmont/East Tremont Dense residential neighborhood with many mid-century apartments and tenement buildings. Part of Bronx Community District 6, served by the 48th precinct.
Close to shopping hubs such as Cross Bronx Plaza and Crotona Center (~0.3–0.4 mi)
Belmont District: A vibrant, predominantly residential area known for Arthur Avenue (“Little Italy of the Bronx”) with high walkability and access to parks like the New York Botanical Garden (~0.8 mi away)
strong transit, walkability, and nearby amenities. Educational options are solid, with elementary and middle schools just steps away.
Investment highlights
- Belmont/East Tremont (10460): Dense residential neighborhood with many mid-century apartments and tenement buildings. Part of Bronx Community District 6, served by the 48th precinc
- Ethnic diversity: strong Puerto Rican and Hispanic presence, moderate median incomes.
- Local life enriched by proximity to major green spaces (Bronx Zoo, Botanical Garden, city parks), several shopping options, and easy transit access via buses/subway.
- Nearby amenities include 5 parks within ~2.2 miles (Bronx Zoo, NY Botanical Garden, Bronx Park, Poe Park, Crotona Park) and St. Barnabas Hospital
- Property Type: Multifamily
- Lot Size: 10,400 ( 5,200 SF each building)
- Lot Dimensions: 80 ft x 260 ft (40 ft x 130 ft each building)
- Building Size: 34,400 (17,200 SF each building)
- Price Per Door: $113 Per Door
- Building Dimensions: 80 x 202 ft (40 ft x 101 ft each buildng)
- Building Class: C1
- Residential units (DOF): 41
- Neighborhood: Belmont
- Cap Rate with arrears: 8.37%
- Cap Rate without arrears: 9.14%A
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