1845 Andrews Avenue, Bronx, NY 10453

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Property Description

Introducing 1845 Andrews Avenue, a newly developed brick five-family offering premium modern living and strong investment stability in the fast-growing University Heights corridor. With approximately $169K in gross income and an estimated $150K NOI, this building delivers a solid 6.3% cap rate, making it an attractive opportunity for savvy investors seeking a high-quality, free-market asset.Inside, each residence showcases custom finishes and thoughtful design, including flint-grey cabinetry, stone breakfast bars, stainless steel appliances, and hardwood flooring throughout. Spacious living rooms flow seamlessly into the kitchens-ideal for entertaining-while well-placed powder rooms offer added convenience. Bedrooms in every unit easily accommodate full furniture sets, creating comfortable, livable spaces. Each unit comes with wall units that provide efficient heating and cooling. This five-family includes: Two 3-bedroom units, with 1.5 Baths, one with private yard access Two 1-bedroom units, one with an in-unit washer and dryer and private outdoor space One 2-bedroom unit Perfectly positioned in Morris Heights/University Heights, the building is moments from playgrounds, supermarkets, restaurants, schools, and multiple transit options (4, B, D trains + Bx3/Bx18/Bx36). With quick access to major roadways and the George Washington Bridge, commuting is efficient and convenient.Building Amenities: Common Laundry on-site Storage Garage parking Security camera system Pet-friendly Tenants pay their own utilities.Whether you're an end user seeking modern comfort or an investor pursuing a newly built, free-market asset with strong income, 1845 Andrews Avenue stands out as a premier offering in University Heights.

1845 Andrews Avenue | MLS# 941143

This commercial property located at 1845 Andrews Avenue, Bronx, NY 10453 is currently listed for sale with an asking price of $2,299,999. Search Bronx real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Commercial -
Basement: Yes
Basement: Common, Finished, Walk-Out Access
Cooling: Electric, Wall/Window Unit(s)
Heating: Electric
Lot Size: 0.07 Acres
Taxes: $9,892
Year Built: 1920

Feature Descriptions

Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s)
Building Area Total: 4187
Building Features: Laundry, Quartz/Quartzite Counter Tops, Storm Windows
Cap Rate: 6
Days on Site: 123
Exterior: Brick
Flooring: Hardwood
On Market Date: 2025-12-04
Parcel Number: 02879-0301
Parking Features: Garage, Shared Driveway
Parking Total: 1
Rental Term: Monthly
Separate Electric Meters: 5
Sewer: Public Sewer
Special View Info: City
Tenant Pays: All Utilities
Units: 5
Utilities: Electricity Available, Natural Gas Available
Water: Public

Demographics

Listed By / Shown By

Listing By

Agency Name: Locqube New York, Inc.
Agency Phone: 347-657-1114

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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