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Andrew Delgado

andrew@chopperrussoteam.com +1(347) 502-8546

$ 1,449,999

Est. payment | -/mo

7 Beds

4 Baths

2,448 Sqft Lot

Save Virtual Tour

$ 1,449,999

Est. payment | -/mo

Save Virtual Tour

7 Beds

4 Baths

2,448 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Concourse Village

MLS Listing ID 999598

Bedrooms 7

Full Baths 4

Rental Info No

Year Built 1920

Annual Tax Amount $2,218

Lot Size 2,448 Sqft

Acres 0.0562

Property Sub-Type Quadruplex

Source onekey2

Property Description

Welcome to Concourse Village, a rare, fully renovated mixed-use investment opportunity in one of the Bronx's most accessible neighborhoods. This versatile building features three updated residential units totaling 7.5 bedrooms and 3.5 bathrooms, plus a modernized ground-floor commercial space, and will be delivered fully vacant at closing — giving the new owner immediate flexibility to lease at market, occupy, or reposition the asset. This is an ideal opportunity for developers, owner-users, and investors seeking a clean slate in a high-demand corridor. Priced at $1,450,000 with a projected net operating income of $120,894, the property delivers a projected cap rate of 8.34% — well above the typical Bronx multi-family benchmark — and a projected cash-on-cash return of 12.91%, based on 20% down at a 6% interest rate over a 30-year amortization. Projected rents are underwritten using current New York City Payment Standards, providing a conservative, voucher-backed baseline; market-rate rents in the area may yield even stronger returns. Tenants are responsible for their own utilities, keeping operating expenses lean and cash flow predictable from day one. Each residential unit has been thoughtfully designed for the modern renter, featuring sleek kitchens with stainless steel appliances, grey quartz countertops, and flint grey cabinetry. Hardwood floors flow throughout, complemented by spacious open-concept living areas built for entertaining and stylishly updated bathrooms. The ground-floor commercial space has been fully upgraded and is move-in ready for an established tenant or owner-operator. Additional features include a spacious private backyard ideal for gardening or outdoor relaxation, an adjacent community garden providing a landscaped park-like setting, onsite storage, laundry facilities, and a walkout basement for added utility and flexibility. Ideally located just minutes from the Melrose Metro-North station with a 30-minute commute to Midtown Manhattan, the property also offers convenient access to major highways, Starbucks, and a growing roster of local dining options. R7-2 zoning unlocks meaningful development potential, making this an exceptional opportunity for builders and long-term holders looking to scale or reposition the site. Delivered vacant, fully renovated, and offering double-digit projected returns with diversified residential and commercial income streams — this property gives you optionality from day one.

Location

State NY

County Bronx County

Rooms

Basement Partially Finished, Walk-Out Access

Interior

Interior Features Recessed Lighting

Heating Electric

Cooling Wall/Window Unit(s)

Fireplace No

Laundry In Basement, Laundry Room

Exterior

Parking Features None

Utilities Available Electricity Available, Natural Gas Available

Garage false

Building

Sewer Public Sewer

Water Public

Structure Type Brick,Vinyl Siding

Schools

Elementary Schools Contact Agent

Middle Schools Call Listing Agent

High Schools Contact Agent

School District Contact Agent

Others

Senior Community No

Special Listing Condition None

Virtual Tour https://youtube.com/shorts/JkBfSDCJnio

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by Locqube New York, Inc. • Jeffrie Pena

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Andrew Delgado

Agent

+1(347) 502-8546

811 Courtlandt AVE Bronx, NY 10451

Andrew Delgado

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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811 Courtlandt AVE