2311 Creston Avenue, New York, NY, 10468
$1,150,000
$1,175,000
activeBedrooms
6
Bathrooms
3
Lot Size
2,207 sqft
Year Built
1901
Type
Multi Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Zoned R8, can be delivered vacant! Currently a fully occupied three family investment opportunity in the heart of Fordham Heights, offering immediate cash flow in a prime Bronx location just one block from the 182nd Street Grand Concourse subway station. This well maintained and recently fully renovated property features three spacious two bedroom, one bathroom apartments, each currently rented at $2,762 per month. All units are occupied with tenants in place, providing consistent income from day one. Tenants are responsible for all utilities, contributing to low operating expenses and strong overall performance. The property also includes a full basement with utility access, offering additional functional space and flexibility. Annual expenses remain low, with taxes at $4,087, water at $2,000, and common electric at $900, further enhancing the investment appeal. With a 7.4% cap rate, this is an ideal opportunity for investors seeking a stabilized, income producing asset in a high demand rental market. A turnkey investment in a highly accessible and desirable Bronx location.
Listed by Shpresa Camaj, Real Broker NY LLC
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of May 9, 2026, 12:14 AM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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