MultiFamily Property at 936 College Avenue in Bronx
$5,495,000
936 College Avenue, Bronx, NY 10456
8,608 SF
Square Feet
$638
PPSF
16
Units
300.0K
PPU
7.44%
CAP
Property Description
Units
16 — PPU: 300.0K
NOI
$408,554
Cap Rate
7.44%
Hillstone Properties NY is pleased to exclusively present this newly constructed five-story, 16-unit multifamily building in the heart of the Bronx.
Built in 2025, the property consists of 10 studio apartments and 6 one-bedroom apartments, totaling approximately 8,608 square feet on a 3,199-square-foot lot.
This all-electric building is delivered fully vacant, allowing an investor to lease at current market rents.
The property benefits from a 35-year 485-x tax abatement, resulting in exceptionally low operating expenses and strong long-term cash flow potential.
Ideally located near public transportation, Yankee Stadium, the Grand Concourse, shopping, restaurants, and major highways, this turnkey asset presents an outstanding opportunity to acquire a brand-new multifamily investment in one of the Bronx's strongest rental markets
Property Details
Asset Type
MultiFamily
Year Built
2026
Zoning
R7-1
Lot Size
3,199 SF
Neighborhood
Grand Concourse
Submarket
Bronx
ZIP
10456
Listing Type
sale
Net Operating Income (NOI)
$648,171
Debt Service Coverage Ratio (DSCR)
2.07x
Cap Rate
11.80%
Cash Flow (Annual)
$335,582
Cash-on-Cash Return
24.43%
Monthly Debt Service
$26,049
Annual Debt Service
$312,589
View on Map
Address
936 College Avenue
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Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
