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1549 Selwyn Ave

4 Unit Apartment Building $1,349,999 ($337,500/Unit) 8.40% Cap Rate Bronx, NY 10457

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Investment Highlights

R7-1 Zoning
4 Car Parking

Brick Detached

Executive Summary

Welcome to 1549 Selwyn Avenue, located in the thriving Claremont section of the Bronx. This property is an outstanding investment opportunity, offering a mixed-use structure combining modern living spaces with the convenience of a medical office leased out by Montefiore Podiatrist. The medical office reimburses approximately 25% of their building expenses. Located in the heart of Claremont, this property enjoys the benefits of urban living with easy access to various amenities and transportation options. Fully detached, durable brick construction that exudes timeless charm. A total of four parking spaces. The property is fully occupied. Residential units are fully renovated, each designed with modern living in mind and dedicated medical office space within the property. This property promises strong income potential. This fully occupied investment blends contemporary residential living with a functional medical office space. Its prime location, solid construction, and substantial income make it an attractive investment for those seeking a reliable source of rental income. The property's R7-1 - FAR allows an additional 5,863.80 buildable SF. Perfect for a savvy developer looking to build up.
Property Highlights
R7-1 - FAR allows an additional 5,863.80 SF info to be verified with an architect.
6.57 Cap Rate Actual
8.7 Cap Rate - Proforma (Reflecting 2024 HPD Payment Standard)
100% Occupancy
Montefiore Medical Office

1549 Selwyn Avenue Projected Rents - 2024 Payment Standards

1549 Selwyn Summary 2024 Updated

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	$133,018	$30.56
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$133,018	$30.56
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$20,547	$4.72
Net Operating Income	$112,471	$25.84

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	$133,018
Annual Per SF	$30.56

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$133,018
Annual Per SF	$30.56

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$20,547
Annual Per SF	$4.72

Net Operating Income
Annual	$112,471
Annual Per SF	$25.84

Property Facts

Price	$1,349,999	Building Class	C
Price Per Unit	$337,500	Lot Size	0.07 AC
Sale Type	Investment	Building Size	4,353 SF
Cap Rate	8.40%	Average Occupancy	100%
No. Units	4	No. Stories	3
Property Type	Multifamily	Year Built	1920
Property Subtype	Apartment Office Office Residential	Parking Ratio	0.92/1,000 SF
Apartment Style	Low Rise

Price	$1,349,999
Price Per Unit	$337,500
Sale Type	Investment
Cap Rate	8.40%
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment Office Office Residential
Apartment Style	Low Rise
Building Class	C
Lot Size	0.07 AC
Building Size	4,353 SF
Average Occupancy	100%
No. Stories	3
Year Built	1920
Parking Ratio	0.92/1,000 SF

Unit Amenities

Heating

Eat-in Kitchen

Hardwood Floors

Wheelchair Accessible (Rooms)

Site Amenities

Fenced Lot

Video Patrol

Trash Pickup - Curbside

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
4+1.5	1	$3,000	-
1+1	1	$1,960	-
2+1	1	$2,885	-

1 of 1

Walk Score ®

Walker's Paradise (91)

Transit Score ®

Rider's Paradise (100)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	02819-0020	Improvements Assessment	$15,698
Land Assessment	$6,754	Total Assessment	$22,452

PROPERTY TAXES

Parcel Number

02819-0020

Land Assessment

$6,754

Improvements Assessment

$15,698

Total Assessment

$22,452

zoning

Zoning Code	R7-1 (R7-1 -FAR allows an additional 5,863.80 SF info to be verified with an architect.)
R7-1 (R7-1 -FAR allows an additional 5,863.80 SF info to be verified with an architect.)