JPW Real Estate
Listed by JPW Real Estate
$1,100,000
505 Taylor Ave Bronx, NY 10473
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,111
Units 3
Cap Rate 9.18%
NOI $101,000
Price per SqFt $354
Lot Size (SqFt) 2,500
Zoning R5
Sale Condition For sale by owner
Multifamily | 3 Units | $366,667/unit
Marketing description
The subject property is located at 505 Taylor Avenue in the Clason Point section of the Bronx. The building is free market with two of the three units occupied with month to month leases.
Clason Point is a stable, residential submarket with consistent renter demand, limited turnover, and improving access to greater Bronx and Manhattan employment centers.
Investment highlights
The property benefits from a 421-a tax abatement, providing enhanced cash flow efficiency and reduced operating expenses during the abatement period.
Relative to other New York City multifamily submarkets, Clason Point offers an attractive entry basis and favorable yield profile, supported by strong neighborhood fundamentals and long-term housing demand.
Listing Contacts
JPW Real Estate
Listed by JPW Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,000.00
$8,416.67/mo
Valuation Metrics
0
DSCR
9.18%
Cap Rate
9.18%
ROI
Map
Zoning
R5 ResidentialTwo FamilyGeneral Residence
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 99 uses
View all 99 uses Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
