# 1215 Elder Avenue, Bronx, NY 10472

> **TL;DR:** residential multi family, $1,500,000, built 1913. Est. $8,023/mo. Listed 102 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,500,000 |
| Year Built | 1913 |
| Lot Size | 3,999 sqft (0.09 acres) |
| Stories | 5 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 102 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $7,585 |
| Estimated Insurance | $438 |
| **Total** | **$8,023** |

## Property Highlights

- Built in 1913
- 0.09 acre lot
- 5 stories

## Description

### Agent Description
Calling All Investors, Developers & End-Users!!! 12.67 Cap 11 Unit Bronx Apartment Building Near Westchester Ave. For Sale!!! The Building Features Excellent Signage, Great Exposure, C4-2 (R6 Equivalent) Zoning, High 9' Ceilings, (11) 3 Br. Apartments, 5 Stories, Large Rear Yard, All New LED Lighting, 3 Phase Power, A/C, +++!!!! The Property Is Located In The Heart Of Park Versailles Just Off Busy Westchester Avenue!!! The Property Is Situated Between The Bronx River Pkwy., I-95, I-278 & Sheridan Blvd.!!! Neighbors Include Chase Bank, Bank Of America, Verizon, T-Mobile, AT & T, Extra Space Storage, CubeSmart Self Storage, Boost Mobile, CVS, Dunkin', CityMD, Shell, BP Gas, Foot Locker, Cookie's Department Stores, McDonald's, Burger King, Papa John's, Domino's, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 11/30/26. Unit 2 (3 Br. Apt.): $27,710.04 Ann. Lease Exp.: 11/30/27. Unit 3 (3 Br. Apt.): $26,694.48 Ann.; Lease Exp.: 10/31/27. Unit 4 (3 Br. Apt.): $13,501.20 Ann.; Lease Exp.: 7/31/27. Unit 5 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 12/31/26. Unit 6 (3 Br. Apt.): $31,866.24 Ann.; Lease Exp.: 11/30/26. Unit 7 (3 Br. Apt.): $18,014.16 Ann.; Lease Exp.: 12/31/27. Unit 8 (3 Br. Apt.): $21,845.88 Ann.; Lease Exp.: 8/14/27. Unit 9 (3 Br. Apt.): $29,925.12 Ann.; Lease Exp.: 3/31/26. Unit 10 (3 Br. Apt.): $25,299.72 Ann.; Lease Exp.: 11/30/26. Unit 11 (3 Br. Apt.): $23,789.88 Ann.; Lease Exp.: 10/31/27. Gross Income: $266,388 Ann. Expenses: Gas: $21,865.40 Ann. Electric: $2,500 Ann. (Common Areas Only) Maintenance & Repairs: $5,500 Ann. Insurance: $10,000 Ann. Water & Sewer: $14,317.93 Ann. Taxes: $22,166.32 Ann. Total Expenses: $76,349.65 Ann. Net Operating Income (NOI): $190,038.35 Ann. (12.67 Cap!!!)

## Location

- **Address:** 1215 Elder Avenue, Bronx, NY 10472
- **County:** Bronx County
- **Coordinates:** 40.829263, -73.879486
- **Google Maps:** https://www.google.com/maps?q=40.829263,-73.879486

## Listing Agent

- **Name:** Richard Matt Shane
- **Brokerage:** All Island Estates Realty Corp
- **Phone:** 5162798828

## Primary Photo

![1215 Elder Avenue - Primary Photo](http://lh.rdcpix.com/15bf400624ee90819b2455518bbd1857l-f509317310r.jpg)

*20 total photos available on [listing page](https://www.propertysimple.ai/listing/1215-elder-avenue-bronx-ny-10472-y979599)*

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**MLS#:** 979599 | **Updated:** 2026-08-02
**Source:** listhub

*Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1215-elder-avenue-bronx-ny-10472-y979599)

---

## Structured Data

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  "name": "1215 Elder Avenue, Bronx, NY 10472",
  "description": "Calling All Investors, Developers & End-Users!!! 12.67 Cap 11 Unit Bronx Apartment Building Near Westchester Ave. For Sale!!! The Building Features Excellent Signage, Great Exposure, C4-2 (R6 Equivalent) Zoning, High 9' Ceilings, (11) 3 Br. Apartments, 5 Stories, Large Rear Yard, All New LED Lighting, 3 Phase Power, A/C, +++!!!! The Property Is Located In The Heart Of Park Versailles Just Off Busy Westchester Avenue!!! The Property Is Situated Between The Bronx River Pkwy., I-95, I-278 & Sherida",
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