Searching ...

Fully renovated legal 8-unit free-market investment property! This turnkey, fully occupied property is situated in the Soundview/Parkchester area of the Bronx and offers strong existing income with exceptionally low owner expenses. The building consists of 7 studio apartments and 1 one-bedroom apartment, all free-market units. The entire property has been fully renovated with new finishes and systems throughout. The building is all electric, with tenants responsible for their own utilities. Each apartment features central heating and air conditioning through mini-split systems and its own dedicated hot water heater. Building features include 8 water heaters, 9 electric meters, parking can be utilized in the rear of the building with a shared driveway, and potential for additional parking income. Current rental income consists of 7 studios at $2,440 per month each and 1 one-bedroom apartment at $2,484 per month, generating total monthly income of $19,564 and annual gross income of $234,768. Annual operating expenses are approximately $18,500, including $7,000 in property taxes, $8,000 in insurance, $2,000 in water, and $1,500 in common electric. Current Net Operating Income is approximately $216,268 annually, representing an approximate 7.72% cap rate at the $2,800,000 asking price before any additional parking income. With tenants responsible for their own electric, heating, air conditioning, and hot water costs, owner expenses remain exceptionally low. A rare opportunity to acquire a fully renovated, fully occupied, income-producing multifamily property in the Bronx.

Highlights

  • Commercial Sale
  • Multi Family
  • Built in 1935
  • 0.0574 Acre Lot
  • 93 days on Market

  • Year Built
    1935
  • Construction Materials
    Brick
  • Parking Features
    Other
  • Appliances
    Electric Range, Electric Water Heater, Refrigerator
  • Flooring
    Hardwood
  • Cooling
    Ductless, Central Air, Electric
  • Heating
    Electric
  • Basement
    Finished

  • Acres
    0.0574
  • Utilities
    Electricity Connected, Sewer Connected, Water Connected
  • Water
    Public


Ask a Question

What's your home worth?

Calculate your current home value within seconds.

Frequently Asked Questions

How do I schedule a tour of 1265 Elder Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1265 Elder Ave.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 1265 Elder Ave?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $2,800,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Bronx, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 1265 Elder Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1265 Elder Ave at around $16,517. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 1265 Elder Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Bronx County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 1265 Elder Ave?

In most cases, yes. Whether 1265 Elder Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Bronx's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 1265 Elder Ave?

We can handle that for you. Our preferred local agent specializes in commercial sales in Bronx and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $2,800,000 with 5,000 sqft of space—that comes out to approximately $560 per square foot.

How long has this property been on the market?

1265 Elder Ave was listed on August 11, 2026, which means it's been on the market for 93 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1935, making it approximately 91 years old.

What is the lot size of this property?

1265 Elder Ave sits on a 0.06-acre lot, which is 2,614 square feet.

What are the property taxes for 1265 Elder Ave?

The most recent public record shows annual property taxes for 1265 Elder Ave were approximately $6,993. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 1265 Elder Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

Popular Home Searches in Bronx, NY


Search Nearby Cities


Search Nearby Counties


Search Nearby Postal Codes

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, OneKey MLS. All rights reserved.

Last Updated: November 12, 2026 at 12:37AM | Source: OneKey MLS | MLS#: 1037411