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29219239
29219240

3207 Hull Ave, Bronx, NY 10467

RA
NY NY 10301221766
Horvath & Tremblay
Horvath & Tremblay
Listed by Horvath & Tremblay
$2,400,000
141 days on market
Updated 45 days ago

3207 Hull Avenue

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 22,000
Units 22
Cap Rate 8.43%
NOI $202,397
Occupancy 100%
Price per SqFt $109
Year Built 1915
Buildings 1
Stories 5
Acreage 0.110
Ownership Fee Simple

Multifamily | 22 Units | $109,091/unit

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 3207 Hull Avenue in Bronx, NY (the “Property”). The five-story building contains twenty-two (22) total units comprised of nine (9) 3-Bedroom/1-Bathroom units, twelve (12) 2-Bedroom/1-Bathroom units, and one (1) 1-Bedroom/1-Bathroom units with 22,000 square feet of gross area. The Property is situated upon a 0.11 acre parcel and is located in The Bronx, one of the five boroughs of New York City.

3207 Hull Avenue is strategically positioned in the Norwood neighborhood of the Bronx, offering strong connectivity, walkability, and access to a full range of urban conveniences. Located just off East 205th Street, the property benefits from proximity to major transit options, including the 4, B, and D subway lines and multiple bus routes, providing direct and efficient access to Manhattan and the broader New York City area. The surrounding neighborhood features a mix of residential, retail, and community amenities, with nearby parks, schools, shopping corridors, and healthcare facilities enhancing resident appeal. This well-situated location supports stable demand, making 3207 Hull Avenue an attractive option for long term ownership and investment.

Investment highlights

ACCESS & CONNECTIVITY

The Property sits a short walk from the 205th Street station on the B and D lines and the Norwood–205th Street and Mosholu Parkway stations on the 2 and 4 lines, providing direct service to Upper Manhattan, Midtown, and other key employment cores. Several local and express bus routes, including the BX28, BX38, BX39, BX41 Select Bus Service, and BXM11 express bus, run along nearby corridors such as Bainbridge Avenue, Webster Avenue, and East 210th Street, linking the address to Fordham, Pelham Parkway, and Manhattan while enhancing last-mile connectivity for residents, employees, and visitors.

AREA AMENITIES & DEMAND DRIVERS

3207 Hull Avenue is located in Norwood, a mature, high-density Bronx neighborhood characterized by predominantly rental housing stock, walkable blocks, and strong transit connectivity.

The surrounding streets offer everyday retail, grocers, and services along Bainbridge and Webster Avenues, allowing residents to meet most daily needs within a short walk, a key driver for working households seeking convenience and car-optional living.

The Property sits within a short radius of one of the Bronx’s most important job engines, the Montefiore Medical Center Moses Campus along Bainbridge Avenue, which, together with affiliated Montefiore Einstein institutions, supports thousands of healthcare, research, and support positions. This concentration of healthcare and education employment creates consistent housing demand from nurses, medical staff, residents, students, and administrative workers seeking apartments in walking distance or a quick transit ride from campus.

UTILITIES

The Property is separately metered for electricity, which tenants pay directly. The Landlord is responsible for all other utilities, including gas powered heat & hot water, and city water and sewer.

PRIME BRONX LOCATION

3207 Hull Avenue is strategically positioned within the Norwood neighborhood of the Bronx, offering residents the advantages of a well-established, transit-rich, and amenity-filled urban environment. As one of New York City’s most historically significant and culturally diverse boroughs, the Bronx provides a strong foundation for long-term residential demand, driven by its robust transit infrastructure, medical and educational anchors, and vibrant mix of retail and community services. The Property sits in a walkable pocket of the borough, surrounded by neighborhood conveniences that reflect the Bronx’s character; local dining, global cuisine, family-owned retailers, and essential services all within steps of the building.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 135,900 people live within 1 mile of the Property with an average household income of $75,904. Over 950,280 people reside within 3 miles of the Property with an average household income of $87,526.

QUALITY OF LIFE AMENITIES

The Property is just steps from the commercial corridor along East 204th Street and Bainbridge Avenue, where tenants have access to a variety of dining and retail options, including nearby McDonald’s, Dunkin’, Domino’s, and numerous local pizzerias, delis, and take-out eateries.

The neighborhood also features an assortment of small “mom-and-pop” shops, convenience stores, and grocery markets, providing quick access to everyday essentials.

For recreation, Williamsbridge Oval Park is only minutes away, offering sports fields, a recreation center, playgrounds, and green space for outdoor activities.

Listing Contacts

RA
NY NY 10301221766
Horvath & Tremblay
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$202,397.00
$16,866.42/mo

Valuation Metrics

0
DSCR
8.43%
Cap Rate
8.43%
ROI

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Additional Information

Name
Ethan Cole
License
10491208561
Title
Broker of Record
Name
Robert Aaron
License
NY 10301221766
Brokerage
Horvath & Tremblay
Title
Real Estate Associate Broker
Brokerage Address
104 West 40th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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