Listed by Ariel Property Advisors
$3,900,000
2486 Hughes Ave
Details
APN 3078/38
Property Type Multifamily, Mixed Use
Sub Type Student Housing, Apartment Building
Square Footage 7,500
Units 10
Cap Rate 7.33%
NOI $286,035
Occupancy 100%
Tenancy Multi
Stories 4
Lot Size (SqFt) 2,185
Zoning R6
Investment Type Value Add
2486 Hughes Avenue, New York City, NY 10458
Investment highlights
- 100% Free Market Mixed-Use Asset: Rare opportunity to acquire a ten (10) unit, fully free market mixed-use building in the prime Belmont/Little Italy Section of the Bronx
- Prime Student Housing Location: Strategically positioned in the heart of Belmont, a premier submarket driven by high-volume rental demand from the Fordham University student body and the iconic Arthur Avenue commercial corridor
- Turnkey Condition: Delivered with zero near-term capital expenditures, spanning 7,500 gross square feet and consisting of six (6) two-bedroom and three (3) three-bedroom layouts above one (1) ground-floor commercial space (currently used as a common area for students)
- Near Term Rental Upside: Upcoming lease expirations through late 2026 and mid-2027, presenting a clear path to capture increased revenue upon turnover
- Protected Tax Class: Benefits from the highly coveted 2B Tax Class designation, which legally caps future real estate tax assessment increases and ensures expense predictability
Listing Contacts
Listed by Ariel Property Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$286,035.00
$23,836.25/mo
Valuation Metrics
0
DSCR
7.33%
Cap Rate
7.33%
ROI
Map
Zoning
R6 ResidentialMulti FamilyGeneral Residence
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View all 99 uses
View all 99 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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