2311 Creston Ave Bronx, NY 10468
Fordham Heights NeighborhoodEstimated payment $6,570/month
About This Home
Introducing 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. Zoned R8, the property also offers long term upside potential for future development or expansion. A turnkey investment in a highly accessible and desirable Bronx location.
Listing Agent
Real Broker NY LLC Brokerage Phone: 855-450-0442 License #10301216578 Listed on: 03/25/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,087
Year Built
- Built in 1901
Lot Details
- 2,207 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Triplex
- Brick Exterior Construction
Interior Spaces
- Open Floorplan
- Storage
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number 03172-0036
Community Details
Overview
- 3 Units
Building Details
- 4 Separate Electric Meters
- 3 Separate Gas Meters
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,087 | $20,348 | $3,391 | $16,957 |
| 2024 | $4,087 | $20,348 | $3,537 | $16,811 |
| 2023 | $4,101 | $20,191 | $3,526 | $16,665 |
| 2022 | $3,803 | $43,320 | $12,360 | $30,960 |
| 2021 | $3,782 | $35,820 | $12,360 | $23,460 |
| 2020 | $3,589 | $36,240 | $12,360 | $23,880 |
| 2019 | $3,547 | $33,660 | $12,360 | $21,300 |
| 2018 | $3,430 | $16,826 | $7,147 | $9,679 |
| 2017 | $3,236 | $15,874 | $7,078 | $8,796 |
| 2016 | $2,994 | $14,977 | $6,766 | $8,211 |
| 2015 | $1,806 | $14,131 | $6,016 | $8,115 |
| 2014 | $1,806 | $14,131 | $6,091 | $8,040 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/25/2026 03/25/26 | For Sale | $1,175,000 | -- | $526 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $440,000 | -- | |
| Deed | $440,000 | -- | |
| Deed | $190,000 | -- | |
| Deed | $190,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $425,000 | -- | |
| Deed | $425,000 | -- | |
| Deed | $175,000 | -- | |
| Deed | $175,000 | -- | |
| Deed | $504,674 | -- | |
| Deed | $504,674 | -- | |
| Deed | $360,000 | -- | |
| Deed | $450,000 | -- | |
| Deed | $360,000 | -- | |
| Deed | $450,000 | -- | |
| Interfamily Deed Transfer | -- | Uslife Title Insurance Compa | |
| Interfamily Deed Transfer | -- | Uslife Title Insurance Compa |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $425,000 | Purchase Money Mortgage | |
| Closed | $425,000 | Purchase Money Mortgage | |
| Previous Owner | $414,226 | Purchase Money Mortgage | |
| Previous Owner | $427,500 | Commercial |
Source: OneKey® MLS
MLS Number: 976499
APN: 03172-0036
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Based on information submitted to the MLS GRID
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