# 1265 Elder Avenue, Bronx, NY 10472 > **TL;DR:** commercial, $2,800,000, built 1935. > Hardwood, A/C. Est. $14,975/mo. Listed 57 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,800,000 | | Year Built | 1935 | | Lot Size | 2,500 sqft (0.06 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 57 | ## Why This Home Stands Out - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $14,158 | | Estimated Insurance | $817 | | **Total** | **$14,975** | ## Key Amenities - Hardwood - A/C ## Property Highlights - Built in 1935 - 0.06 acre lot ## Description ### Agent Description 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. ## Location - **Address:** 1265 Elder Avenue, Bronx, NY 10472 - **County:** Bronx County - **Neighborhood:** Park Versailles-Bronx River - **Coordinates:** 40.830726, -73.879805 - **Google Maps:** https://www.google.com/maps?q=40.830726,-73.879805 ## Listing Agent - **Name:** Shpresa Camaj - **Brokerage:** Real Broker NY LLC - **Phone:** 9176456629 - **Broker Phone:** (855) 450-0442 ## Photos ![1265 Elder Avenue - Photo 1](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f1128378450r.jpg) ![1265 Elder Avenue - Photo 2](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f1492785058r.jpg) ![1265 Elder Avenue - Photo 3](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f518477888r.jpg) ![1265 Elder Avenue - Photo 4](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f2866479588r.jpg) ![1265 Elder Avenue - Photo 5](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f598781979r.jpg) ![1265 Elder Avenue - Photo 6](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f1813229462r.jpg) ![1265 Elder Avenue - Photo 7](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f1702200898r.jpg) ![1265 Elder Avenue - Photo 8](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f573210192r.jpg) ![1265 Elder Avenue - Photo 9](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f336939352r.jpg) ![1265 Elder Avenue - Photo 10](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f986021029r.jpg) ![1265 Elder Avenue - Photo 11](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f3501009091r.jpg) ![1265 Elder Avenue - Photo 12](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f3888234659r.jpg) ![1265 Elder Avenue - Photo 13](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f2469401140r.jpg) ![1265 Elder Avenue - Photo 14](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f3670920741r.jpg) ![1265 Elder Avenue - Photo 15](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f3324847429r.jpg) ![1265 Elder Avenue - Photo 16](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f396140315r.jpg) ![1265 Elder Avenue - Photo 17](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f397221731r.jpg) ![1265 Elder Avenue - Photo 18](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f2726841277r.jpg) ![1265 Elder Avenue - Photo 19](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f1790064818r.jpg) ![1265 Elder Avenue - Photo 20](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f1287388977r.jpg) ![1265 Elder Avenue - Photo 21](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f1819046054r.jpg) ![1265 Elder Avenue - Photo 22](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f1091107518r.jpg) ![1265 Elder Avenue - Photo 23](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f2253924666r.jpg) ![1265 Elder Avenue - Photo 24](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f240243433r.jpg) ![1265 Elder Avenue - Photo 25](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f2344407979r.jpg) ![1265 Elder Avenue - Photo 26](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f3149465711r.jpg) ![1265 Elder Avenue - Photo 27](http://lh.rdcpix.com/9274f48e161bdf313e8d567056ba5774l-f577908876r.jpg) --- **MLS#:** 1037411 | **Updated:** 2026-09-29 **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/1265-elder-avenue-bronx-ny-10472-1037411) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1265-elder-avenue-bronx-ny-10472-1037411#listing", "url": "https://www.propertysimple.ai/listing/1265-elder-avenue-bronx-ny-10472-1037411", "name": "1265 Elder Avenue, Bronx, NY 10472", "description": "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. 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