318 E 160th St
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318 E 160th St
8 Unit Apartment Building $1,200,000 ($150,000/Unit) 7% Cap Rate Bronx, NY 10451
Executive Summary
RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 318 E 160TH STREET — in the Bronx.
318 E 160th St is a 4-story walk-up apartment building situated in the vibrant Melrose neighborhood of the Bronx. The property encompasses 8 residential units, totaling approximately 6,060 square feet of gross floor area. Built in 1931, this well-maintained building offers significant potential for both stable rental income and future appreciation. With its strategic location and favorable zoning, 318 E 160th St is an attractive opportunity for investors looking to capitalize on the growth of the Bronx real estate market. The property is zoned R7-2, allowing for residential development with a Floor Area Ratio (FAR) of 3.44, which provides for 8,514 buildable square feet. This zoning also permits Community Facility development with an FAR of 6.5, equating to 16,088 buildable square feet. Located on the south side of East 160th Street between Park Avenue and Courtlandt Avenue, the property benefits from proximity to public transportation, shopping, dining, and other amenities.
318 E 160th St is a 4-story walk-up apartment building situated in the vibrant Melrose neighborhood of the Bronx. The property encompasses 8 residential units, totaling approximately 6,060 square feet of gross floor area. Built in 1931, this well-maintained building offers significant potential for both stable rental income and future appreciation. With its strategic location and favorable zoning, 318 E 160th St is an attractive opportunity for investors looking to capitalize on the growth of the Bronx real estate market. The property is zoned R7-2, allowing for residential development with a Floor Area Ratio (FAR) of 3.44, which provides for 8,514 buildable square feet. This zoning also permits Community Facility development with an FAR of 6.5, equating to 16,088 buildable square feet. Located on the south side of East 160th Street between Park Avenue and Courtlandt Avenue, the property benefits from proximity to public transportation, shopping, dining, and other amenities.
Property Facts
| Price | $1,200,000 | Apartment Style | Mid Rise |
| Price Per Unit | $150,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7% | Building Size | 6,060 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment |
| Price | $1,200,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 6,060 SF |
| No. Stories | 4 |
| Year Built | 1931 |
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Walk Score ®
Walker's Paradise (92)
Transit Score ®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 02419-0012 | Improvements Assessment | $134,526 |
| Land Assessment | $1,476 | Total Assessment | $136,002 |
PROPERTY TAXES
Parcel Number
02419-0012
Land Assessment
$1,476
Improvements Assessment
$134,526
Total Assessment
$136,002
zoning
| Zoning Code | R7-2 |
| R7-2 |
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