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33929143
33929082

3560 Olinville Avenue, New York City, NY 10467

SG
NY 10301209629, NY
Marcus & Millichap - Manhattan
WJ
NY 10301218139
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$6,900,000
1 day on market
Updated 1 day ago

3560 Olinville Avenue

Details
APN 4642/33
Property Type Multifamily
Sub Type Apartment Building
Square Footage 79,098
Units 85
Cap Rate 9.60%
NOI $662,400
Occupancy 94%
Tenancy Multi
Price per SqFt $87
Year Built 1931
Buildings 1
Zoning R6

Multifamily | 85 Units | $81,176/unit

Marketing description

3560 Olinville Avenue is located in the Williamsbridge section of the North Bronx, an established residential neighborhood backed by strong urban density. Positioned just off major thoroughfares like White Plains Road and East Gun Hill Road, the property enjoys seamless connectivity to the rest of the borough and the tri-state area. The surrounding neighborhood is characterized by a vibrant commercial pulse, anchored by a rich mix of neighborhood-serving retail, multi-cultural restaurants, and local businesses along key convenience corridors. Driven entirely by its massive residential footprint, the submarket exhibits reliable, resilient demand patterns that set a highly durable framework for multi-unit properties.

The location is highly attractive to a robust tenant base due to its stellar infrastructure and straightforward transit access. The property is heavily favored by commuters, sitting within close walking distance to the 2 and 5 subway lines at the Gun Hill Road station, which provides a direct, reliable link into Manhattan and major employment hubs. Reflecting the asset's exceptional efficiency, the underwriting operates on a current average residential rent of $1,463 per month, which heavily undercuts Manhattan pricing while keeping vacancy and collection losses strictly contained to a standard 5% metric. Positioned directly within a dense residential pocket of the Bronx, 3560 Olinville Avenue stands as a fundamentally sound investment asset, capturing consistent tenant pools, minimal commercial market risk, and steady operational cash flows.

Investment highlights

  • 85 unit elevator building
  • $81,176 price per unit
  • 9.6% cap rate
  • $87 price per square foot
  • Gross square footage: 79,098 SF
  • Current average residential rent: $1,576 per month
  • Walking distance to 2 and 5 subway lines at Gun Hill Road station
  • Direct transit access to Manhattan
  • Additional air rights: 158,196 SF
  • Net square footage (15% loss factor): 67,233 SF
  • Expense ratio: 56%
  • GRM: 4.3

Listing Contacts

SG
NY 10301209629, NY
Marcus & Millichap - Manhattan
WJ
NY 10301218139
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$662,400.00
$55,200.00/mo

Valuation Metrics

0
DSCR
9.6%
Cap Rate
9.6%
ROI

Map

Zoning

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R6A ResidentialMulti FamilyGeneral Residence
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Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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