3174 Riverdale Ave
Bronx, NY 10463
Multifamily Property For Sale · 12 Units

EXECUTIVE SUMMARY

Kassin Sabbagh Realty (KSR) is managing the sale of 3174 Riverdale Avenue, a prime real estate opportunity in Kingsbridge / Riverdale section. Nestled between West 231st Street and West 232nd Street in The Bronx’s Riverdale neighborhood. Local educational institutions such as the Fieldston School, Manhattan College, and the Riverdale/Kingsbridge Academy are nearby. Residents benefit from local shopping and dining at places like Liebman’s Deli, Starbucks, Walgreens, and Beal Bocht Café. Recreational options include Van Cortlandt Park, Seton Park, and Wave Hill’s gardens. Convenient transportation options include Metro-North and subway stations at 231st and Broadway and 225th and Marble Hill. The properties offer a range of amenities including private terraces, outdoor common seating areas, and laundry facilities in every apartment. All units, both residential and commercial, are equipped with central heating and air conditioning. 3174 Riverdale includes eight two-bedroom units with two baths, one one-bedroom unit with one bath, and a five-car indoor garage. Other features include durable rubber roofs, brick and masonry construction, and comprehensive utility systems. The buildings are equipped with state-of-the-art sprinkler systems, backup pumps, compactor rooms, and both gas and electric meters. Electrical systems feature 160-amp circuit breakers for residential units and 150-200 amp breakers for commercial spaces. Digital elevator rooms with air conditioning and ‘on-demand’ wall-mounted Navien boilers or heating ensure optimal performance. Commercial units have Carrier heating and AC units. Security cameras are installed throughout, and ADA-compliant elevators provide accessibility to all floors.3174 Riverdale Avenue is enrolled in a 15-year 421a tax abatement program.

PROPERTY FACTS

Price Per Unit $458,333
Sale Type Investment
Cap Rate 6.93%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.10 AC
Building Size 12,143 SF
No. Stories 5
Year Built 2013

PROPERTY TAXES

ZONING

Zoning Code R6
  • Listing ID: 35186801

  • Date on Market: 3/19/2025

  • Last Updated:

  • Address: 3174 Riverdale Ave, Bronx, NY 10463