$2,900,000

1265 Elder Ave Bronx, NY 10472

Parkchester Neighborhood

Estimated payment $15,725/month

Total Views 1,235
-- Bed
8 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • Heating Available
  • 3-minute walk to Elder Avenue

About This Home

Introducing 1265 Elder Ave, a fully renovated and newly converted free-market, tax-protected 8-unit residential building. This turnkey asset is delivered vacant and ready for immediate lease-up. Each unit has been gut renovated with modern finishes, offering strong rent potential and minimal maintenance for years to come. Tenants pay their own electric and heating, keeping operating expenses low. The property also features a convenient lift providing access from the ground floor to the basement. A rare free-market, tax-protected, fully updated multifamily opportunity-ideal for investors seeking stable cash flow and a hassle-free asset in the Bronx.

Listing Agent

Mikhail Rybinskov

Adroit Property Group LLC Listed on: 12/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,909

Year Renovated

  • 2025

Lot Details

  • 2,500 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 8 Full Bathrooms
  • 3-Story Property
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Fire Sprinkler System

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Community Details

  • East Bronx Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,909

Year Renovated

2025

Lot Details

0

Listing Details

  • Percent Basement Finished: Yes
  • FloorHardwood: Yes
  • HamletID: 0
  • HeatFuelElectric: Yes
  • InteriorSprinklers: Yes
  • LandRentAmount: 0
  • Number Of Stories: 3
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Bronx
  • PropertyTownship: Bronx
  • Prop. Type: Multi-Unit (5+)
  • RenovationComments: Complete gut renovation just finished, transforming the building into eight beautifully designed, contemporary apartments.
  • Renovation Year: 2025
  • SForSaleAndRForRental: S
  • SidingBrick: Yes
  • USStateAbbreviation: NY
  • WallWindowAC: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Renovated: 2025

Interior Features

  • Basement Type: Full
  • Fireplaces: 0
  • AboveArea Sq Ft: 0

Exterior Features

  • Construction Type: Masonry - Brick

Garage/Parking

  • AttachedParking: 0
  • Numberof Garage Spaces: 0

Condo/Co-op/Association

  • HOA Fees: 0
  • Units in Building: 0

Lot Info

  • Lot Size Sq Ft: 2500
  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 0
  • Total Taxes: 6909

Tax Info

  • Tax Year: 0

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,659 $34,819 $5,886 $28,933
2024 $6,659 $34,556 $6,092 $28,464
2023 $6,336 $32,600 $5,662 $26,938
2022 $5,853 $47,880 $9,900 $37,980
2021 $5,803 $43,800 $9,900 $33,900
2020 $5,846 $48,420 $9,900 $38,520
2019 $5,731 $42,840 $9,900 $32,940
2018 $5,240 $27,167 $7,149 $20,018
2017 $4,925 $25,630 $8,243 $17,387
2016 $4,524 $24,180 $9,900 $14,280
2015 $2,821 $25,230 $9,106 $16,124
2014 $2,821 $24,980 $9,016 $15,964
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2025 12/03/25 For Sale $2,900,000 -- --
Source: My State MLS

Purchase History

Date Type Sale Price Title Company
Deed $950,000 --
Deed $106,000 --
Deed $106,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $712,000 Purchase Money Mortgage
Previous Owner $136,500 No Value Available
Source: Public Records

Source: My State MLS

MLS Number: 11614062

APN: 03772-0040

New York Bronx County Bronx 10472 Parkchester

1265 Elder Ave, Bronx, NY

For Sale

MultiFamily

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Nearby Homes
Listing Agent
Mikhail Rybinskov
Section Image
Adroit Property Group LLC
(347) 801-8906