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New York>Bronx>Bronx River

1255 Elder AvenueBronx, NY 10472

For Sale

$1,270,000

Smart Buyer Rebate $15,875

Prime Bronx Investment Opportunity — R6 Zoning

Excellent income-producing opportunity in the Soundview section of the Bronx, ideally situated on a busy corridor between Westchester Avenue and E 172nd Street, with convenient access to the 6 train and nearby transportation, shopping, and neighborhood amenities. This semi-detached brick property offers R6 zoning and strong potential for investors, owner-occupants, or those seeking a multifamily asset in a high-demand Bronx location.

The property features three residential units. The first floor offers a spacious 3-bedroom, 2-full-bathroom layout, while the second floor consists of two 2-bedroom, 1-full-bathroom units each. Each unit also benefits from a full finished basement, providing additional usable space and flexibility.

Additional features include a shared driveway, backyard, and detached garage in the rear for parking. With its multifamily configuration, R6 zoning, parking, outdoor space, and convenient location near the 6 train, this property presents a compelling opportunity with strong rental income potential and future value.

Prime location, versatile layout, parking, and income potential make this a property not to be missed.

Listed by Mahbub Mamun

·

Max It Realty

·

347-220-5274

Last updated August 30, 2026

·

Source: OneKey #1041272

Listing Facts

  • TypeMulti-family
  • NeighborhoodBronx River
  • Bedrooms11
  • Bathrooms5
  • Days on Prevu26
  • Taxes$7,010.88/year

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

08/30/2026
Price Decreased
$1,270,000
08/20/2026
Listed by Max It Realty
$1,295,000
  1. 08/30/2026$1,270,000
    Price Decreased
  2. 08/20/2026$1,295,000
    Listed by Max It Realty

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$12,700
Title Insurance
$5,715
Bank Attorney
$1,500
Mortgage Recording Tax
$19,558
Other Closing Costs
$4,000
Total
$47,473

Estimated closing costs are based on the list price of $1,270,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 1255 Elder Avenue

Exterior

Construction

  • Number Of Units Total: 4
  • Property Attached: Yes
  • Window Features: Double Pane Windows, Insulated Windows, New Windows
  • Year Built: 1935
  • Construction Materials: Brick

Measurements

  • Building Area Total: 2,648
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.05
  • Lot Size Square Feet: 2,500

Financial

Residential Income

  • Cap Rate: 10469.0

Taxes

  • Parcel Number: 03772-0045
  • Tax Annual Amount: $7,010.88
  • Tax Assessed Value: $58,140.00
  • Tax Year: 2025

Interior

Features

  • Flooring: Hardwood
  • Interior Features: First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Formal Dining, High Ceilings, High Speed Internet, Primary Bathroom

Rooms

  • Basement: Finished, Full, Walk-Out Access
  • Has Basement: Yes
  • Bathrooms Full: 5
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 11

Parking

Parking

  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Shared Driveway
  • Parking Total: 4

Schools

Elementary School

  • Elementary School: Contact Agent
  • Elementary School District: Contact Agent

High School

  • High School: Contact Agent
  • High School District: Contact Agent

Middle or Junior School

  • Middle Or Junior School: Call Listing Agent
  • Middle Or Junior School District: Contact Agent

Utilities

Equipment

  • Heating: Baseboard, Natural Gas, Oil
  • Laundry Features: In Basement
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 11 bedrooms and 5 bathrooms in this multi-family home at 1255 Elder Avenue.

What schools are nearby to 1255 Elder Avenue?

Nearby schools include the Contact Agent Elementary School, Call Listing Agent Middle School, and Contact Agent High School.

Does this multi-family home have parking?

Yes, there is 1 parking space available for 1255 Elder Avenue.

What are the annual taxes for 1255 Elder Avenue?

Annual taxes for this multi-family home are estimated at $7,010.

How does 1255 Elder Avenue compare to other multi-family homes in Bronx River?

This multi-family home is listed 19% above the average price for multi-family homes in Bronx River and has been on the market for 88 less days than the typical home in this area.

1255 Elder Avenue is a 11-bedroom, 5-bath multi-family home for sale in Bronx NY 10472. Listed on Prevu for 26 days at $1,270,000. This includes a recent price decrease of $25,000. This property is located in Bronx River. The median listing price for multi-family homes in this area is $999,000. Nearby schools include Contact Agent Elementary School, Call Listing Agent Middle School, and Contact Agent High School. The home offers parking. Explore more multi-family home listings in Bronx.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.