2037 Hughes Avenue — Sale in Bronx, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Bronx, NY 10457

Photos

2037 Hughes Avenue — Sale in Bronx, NY, photo 1 of 2
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Investment Figures

Cap rate
12.30%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

2037 Hughes Avenue presents the opportunity to acquire a 26-unit multifamily asset in the Belmont section of the Bronx. The approximately 21,669-square-foot property is fully occupied with no current vacancies, providing immediate and stable in-place cash flow. 2037 Hughes Avenue consists entirely of residential units, with an average monthly rent of approximately $1,815 per unit. Situated in the heart of the Belmont neighborhood, the property benefits from close proximity to Fordham Road's retail corridor, Bronx Park, the New York Botanical Garden, major healthcare institutions, and numerous national retailers and public transportation options. Investment Highlights: • 2037 Hughes is a 26-unit multifamily building in the Belmont neighborhood of the Bronx. • 100% Rent-Stabilized | Zoning: R7-1 | Tax Class: 2 • Convenient access to Bronx Park, the New York Botanical Garden, healthcare facilities, shopping, restaurants, and public transportation.

Market Context

This multifamily in Bronx, NY is listed for sale. It is offered at an approximate 12.3% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Bronx, NY — view the full market.

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