4
See all 4 photos
$1,111,111
Est. payment /mo
5,000 Sqft Lot
New
3018 Paulding AVE Bronx, NY 10469
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Bronxwood
MLS Listing ID 1050043
Rental Info No
Year Built 1929
Annual Tax Amount $22,941
Lot Size 5,000 Sqft
Acres 0.1148
Property Sub-Type Multi Family
Source onekey2
Property Description
7-Unit Multifamily | 3018 Paulding Avenue, Bronx, NY
Douglas Elliman is pleased to present an attractive 7-unit multifamily investment opportunity in the Bronx, offering investors the opportunity to acquire an income-producing residential asset with established rental income and a reported 7% capitalization rate.
This property is well suited for investors, portfolio builders, and owner-operators seeking a multifamily asset with in-place income and manageable scale.
INVESTMENT HIGHLIGHTS
? 7 Residential Units
? $168,744 Annual Rental/Gross Income
? $125,200 Reported Net Operating Income
? 7% Cap Rate
? All Units Reported Occupied
? 3 Garage/Parking Spaces
? Brick Construction
? R5 Zoning
? Full Basement — Partially Finished
? 7 Electric Meters
? 7 Gas Meters
? 7 Heating Units
? Tenants pay electricity and gas
? Approximately 0.60 miles to the nearest train
? Adjacent parcel included/associated with the building — buyer to independently verify lot
configuration and ownership
INCOME-PRODUCING ASSET
The property offers an established income stream with reported annual rental income of $168,744 and a reported $125,200 NOI, resulting in an indicated 7% capitalization rate.
The existing income profile provides an investor with immediate operating history while offering the potential to evaluate future performance through rental optimization, expense management, and long-term appreciation.
LOCATION
Situated on Paulding Avenue in the Bronx, the property benefits from its location within an established residential neighborhood with access to public transportation, local amenities, and surrounding residential and commercial development.
The nearest train station is reported at approximately 0.60 miles from the property, providing convenient access for residents.
PROPERTY & OPERATING PROFILE
The building is constructed primarily of brick and contains seven residential units. The property is serviced by public water and sewer, with oil/steam heating.
The reported operating expenses include approximately:
Annual Property Taxes: $22,224 Fuel Expense: $10,000
Insurance: $10,000
Common Area Maintenance: $1,320
Reported Total Operating Expenses: $53,544
The property has separate electric and gas metering, with tenants reported as responsible for
electricity and gas expenses.
DUE DILIGENCE
All financial, physical, zoning, occupancy, rent-regulation, tax, and operating information should be independently verified by the purchaser and purchaser's representatives.
Prospective purchasers should conduct their own due diligence, including review of leases, rent rolls, regulatory status, certificates of occupancy, zoning, taxes, expenses, operating statements, building systems, and any applicable rent-regulation requirements.
OPPORTUNITY
For investors seeking a Bronx multifamily asset with seven units, established rental income,
and a reported 7% cap rate, this property warrants serious consideration.
Qualified buyers are encouraged to review the opportunity, complete their due diligence, and
submit proposals for consideration.
For additional information, financials, rent roll, and showing instructions, please contact the listing representative.
All information is deemed reliable but is subject to verification and change. Purchasers should rely on their own inspections and due diligence and not solely on the information contained herein.
Douglas Elliman is pleased to present an attractive 7-unit multifamily investment opportunity in the Bronx, offering investors the opportunity to acquire an income-producing residential asset with established rental income and a reported 7% capitalization rate.
This property is well suited for investors, portfolio builders, and owner-operators seeking a multifamily asset with in-place income and manageable scale.
INVESTMENT HIGHLIGHTS
? 7 Residential Units
? $168,744 Annual Rental/Gross Income
? $125,200 Reported Net Operating Income
? 7% Cap Rate
? All Units Reported Occupied
? 3 Garage/Parking Spaces
? Brick Construction
? R5 Zoning
? Full Basement — Partially Finished
? 7 Electric Meters
? 7 Gas Meters
? 7 Heating Units
? Tenants pay electricity and gas
? Approximately 0.60 miles to the nearest train
? Adjacent parcel included/associated with the building — buyer to independently verify lot
configuration and ownership
INCOME-PRODUCING ASSET
The property offers an established income stream with reported annual rental income of $168,744 and a reported $125,200 NOI, resulting in an indicated 7% capitalization rate.
The existing income profile provides an investor with immediate operating history while offering the potential to evaluate future performance through rental optimization, expense management, and long-term appreciation.
LOCATION
Situated on Paulding Avenue in the Bronx, the property benefits from its location within an established residential neighborhood with access to public transportation, local amenities, and surrounding residential and commercial development.
The nearest train station is reported at approximately 0.60 miles from the property, providing convenient access for residents.
PROPERTY & OPERATING PROFILE
The building is constructed primarily of brick and contains seven residential units. The property is serviced by public water and sewer, with oil/steam heating.
The reported operating expenses include approximately:
Annual Property Taxes: $22,224 Fuel Expense: $10,000
Insurance: $10,000
Common Area Maintenance: $1,320
Reported Total Operating Expenses: $53,544
The property has separate electric and gas metering, with tenants reported as responsible for
electricity and gas expenses.
DUE DILIGENCE
All financial, physical, zoning, occupancy, rent-regulation, tax, and operating information should be independently verified by the purchaser and purchaser's representatives.
Prospective purchasers should conduct their own due diligence, including review of leases, rent rolls, regulatory status, certificates of occupancy, zoning, taxes, expenses, operating statements, building systems, and any applicable rent-regulation requirements.
OPPORTUNITY
For investors seeking a Bronx multifamily asset with seven units, established rental income,
and a reported 7% cap rate, this property warrants serious consideration.
Qualified buyers are encouraged to review the opportunity, complete their due diligence, and
submit proposals for consideration.
For additional information, financials, rent roll, and showing instructions, please contact the listing representative.
All information is deemed reliable but is subject to verification and change. Purchasers should rely on their own inspections and due diligence and not solely on the information contained herein.
Location
State NY
County Bronx County
Rooms
Basement Partially Finished
Interior
Heating Natural Gas, Oil
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Garage
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Bronx 11
School District Bronx 11
Others
Special Listing Condition None
Listed by Douglas Elliman Real Estate • Moin Siddiqui
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