1215 Elder Avenue Calling All Investors, Developers & End-Users!!! 12.67 Cap 11 Unit Bronx Apartment Building Near Westchester Ave. For Sale!!! The Building Features Excellent Signage, Great Exposure, C4-2 (R6 Equivalent) Zoning, High 9' Ceilings, (11) 3 Br. Apartments, 5 Stories, Large Rear Yard, All New LED Lighting, 3 Phase Power, A/C, +++!!!! The Property Is Located In The Heart Of Park Versailles Just Off Busy Westchester Avenue!!! The Property Is Situated Between The Bronx River Pkwy., I-95, I-278 & Sheridan Blvd.!!! Neighbors Include Chase Bank, Bank Of America, Verizon, T-Mobile, AT & T, Extra Space Storage, CubeSmart Self Storage, Boost Mobile, CVS, Dunkin', CityMD, Shell, BP Gas, Foot Locker, Cookie's Department Stores, McDonald's, Burger King, Papa John's, Domino's, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1 (3 Br. Apt.): $23, 870.64 Ann.; Lease Exp.: 11/30/26. Unit 2 (3 Br. Apt.): $27, 710.04 Ann. Lease Exp.: 11/30/27. Unit 3 (3 Br. Apt.): $26, 694.48 Ann.; Lease Exp.: 10/31/27. Unit 4 (3 Br. Apt.): $13, 501.20 Ann.; Lease Exp.: 7/31/27. Unit 5 (3 Br. Apt.): $23, 870.64 Ann.; Lease Exp.: 12/31/26. Unit 6 (3 Br. Apt.): $31, 866.24 Ann.; Lease Exp.: 11/30/26. Unit 7 (3 Br. Apt.): $18, 014.16 Ann.; Lease Exp.: 12/31/27. Unit 8 (3 Br. Apt.): $21, 845.88 Ann.; Lease Exp.: 8/14/27. Unit 9 (3 Br. Apt.): $29, 925.12 Ann.; Lease Exp.: 3/31/26. Unit 10 (3 Br. Apt.): $25, 299.72 Ann.; Lease Exp.: 11/30/26. Unit 11 (3 Br. Apt.): $23, 789.88 Ann.; Lease Exp.: 10/31/27. Gross Income: $266, 388 Ann. Expenses: Gas: $21, 865.40 Ann. Electric: $2, 500 Ann. (Common Areas Only) Maintenance & Repairs: $5, 500 Ann. Insurance: $10, 000 Ann. Water & Sewer: $14, 317.93 Ann. Taxes: $22, 166.32 Ann. Total Expenses: $76, 349.65 Ann. Net Operating Income (NOI): $190, 038.35 Ann. (13.57% Cap!!!)