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
Square Footage 2,420
Acres 0.20
Taxes $13,175
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
Adult 55+ Community No

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)
Has Basement Yes
Basement Unfinished
Fireplace No

Exterior

Exterior Stone

Additional Information

Date Listed July 30th, 2025
Days on Market 166
Zoning r6
Short Sale No
RE / Bank Owned No

Listing Details

OfficeYourHomeSold Guaranteed Realty

Listing Map

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