1349 Elder Avenue, Bronx, NY

$1,225,000

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2,420

Square feet

0.20

Acres

About 1349 Elder Avenue

Excellent investment opportunity in the Soundview section of the Bronx: a solid brick mixed-use building consisting of three residential apartments (two 1-bedroom units and one 2-bedroom unit) and two ground-floor commercial storefronts, one currently leased. Legal 3 family + 2 storefronts. The property is projected to generate $147,384 in gross annual income with low annual property taxes of just $13,000, offering investors a strong 11% cash-on-cash return based on conservative underwriting. Centrally located near public transportation, the building is just blocks from the Elder Ave 6 train station, major MTA bus lines, and close to the Bruckner and Cross Bronx Expressways, ensuring high accessibility for both tenants and businesses. A high-yield, low-maintenance asset with upside potential in a growing corridor.

Features of 1349 Elder Avenue

MLS® # 895571
Price $1,225,000
Bathrooms 0.00
Internal Footage 2,420
Square Footage 8524
Acres 0.20
Year Built 1926
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 1349 Elder Avenue
City Bronx
County Bronx County
State NY
Zip Code 10472

Amenities

Utilities Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
Is Waterfront No
Has Pool No

Interior

Interior Hardwood
Heating Natural Gas, Radiant, Steam
Cooling Wall/Window Unit(s)
Fireplace No
Has Basement Yes
Basement Unfinished

Exterior

Construction Stone

Additional Information

Date Listed July 30th, 2025
Days on Market 87
Zoning r6
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofYourHomeSold Guaranteed Realty

Listing Map

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