Listed by Ariel Property Advisors
Unpriced
1846-1848 Guerlain St
Details
APN 3922/3,3922/4
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,529
Units 17
NOI $640,349
Occupancy 100%
Tenancy Multi
Year Built 2024
Buildings 2
Stories 4
Lot Size (SqFt) 5,385
Zoning R6
Investment Type Stabilized
1846-1848 Guerlain Street, New York City, NY 10460
Investment highlights
- 2024 New Construction: Two (2) adjacent multifamily assets spanning 11,529 gross square feet in the Parkchester section of the Bronx
- Valuable Tax Protection: Benefits from a full 35-year 421a tax exemption, providing long-term savings
- Strategic Unit Breakdown: 17-unit portfolio featuring an efficient layout of three (3) studios, nine (9) one-bedroom, and five (5) two-bedroom apartments. Legally structured as sixteen (16) Rent Stabilized units and one (1) Free Market unit.
- Fully Occupied Cash Flow: Offers immediate, turnkey revenue driven by the Augmented CityFHEPS program at 130% AMI, securing a government-supported rental income stream day one
- Premium Return Profile: High-yield investment opportunity featuring an in place cap rate above comparable new construction assets, translating to an attractive double digit cash on cash return
- Transit Oriented Location: Positioned within walking distance to both the East 180th Street station (2,5) and the Parkchester Station (6) offering dual-line subway access, and connectivity to the Bx39 bus line on White Plains Road
Listing Contacts
Listed by Ariel Property Advisors
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$640,349.00
$53,362.42/mo
Valuation Metrics
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Zoning
R6 ResidentialMulti FamilyGeneral Residence
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View all 99 uses Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics
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