Welcome to your next great investment — a newly built, four-story multifamily property at 1256 Shakespeare Avenue, just finished in 2025 and delivered 100% vacant. This sleek, turnkey building features 13 modern units (11 studios - 450 Sqft/ea + 2 one-bedrooms- 675 sqft/ea) and comes with an incredible 30-year tax abatement, giving investors serious long-term upside. With contracts signed at Certificate of Occupancy, you can close fast and start collecting rents immediately — no rent-stabilized units, no tenant issues, no delays. Located in a high-demand Bronx corridor, this asset is ideal for investors, developers, and 1031 buyers looking for a clean, cash-flow-ready building in one of NYC’s fastest-rising markets.
Listed by Ardit Alijaj
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Exit Realty DKC
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917-688-0992
Last updated August 22, 2025
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Source: OneKey #901371
Listing Facts
NeighborhoodHighbridge
Bedrooms13
Bathrooms13
Days on Prevu25
Size675 sqft
Price per sqft$6,933
Location
Mortgage Calculator
Listing History
08/15/2025
Listed by Exit Realty DKC
$4,680,000
Estimated Closing Costs
Total
$172,832
Attorney Fees
$4,000
NYC Mansion Tax
$70,200
Title Insurance
$21,060
Bank Attorney
$1,500
Mortgage Recording Tax
$72,072
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $4,680,000 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.
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 2025, OneKey™ MLS. All Rights Reserved.
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.
