Devi Rameshwar
Licensed Salesperson
REALTOR®
MLS#1066898
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBronx 11
Property Description
BRAND NEW 8 UNIT BRONX WALK UP. FULLY LEASED. 7.14% RETURN AT THE ASK. REAL ESTATE TAXES OF JUST $305 A YEAR. Completed in 2025 with the Certificate of Occupancy issued May 2026, the Property has six one bedrooms at $2,534 and two studios at $2,092, producing $232,656 of gross potential rent on executed leases with no lease up risk. Tenants pay all electricity including heat, hot water and cooking, so the owner has no fuel bill and expenses run about 15.6% of income. No deferred maintenance and no capital plan. Four story walk up of 4,438 SF on a 1,753 SF lot in Olinville, two blocks from the 2 and 5 trains, with smart heating and cooling, security cameras and a pet friendly policy. Offered at $2,750,000, free and clear of financing and well suited to 1031 exchange buyers and private capital seeking new construction. Offers in writing. Tours by appointment only. Tenants may not be contacted.
Property Features
Property Type: Commercial -
Cooling: Electric, ENERGY STAR Qualified Equipment
Heating: Electric, ENERGY STAR Qualified Equipment
Home Style: Mid Rise
Lot Size: 0.04 Acres
Stories: 4.0
Taxes: $305
Year Built: 2026
Feature Descriptions
Building Area Total: 4430
Building Features: Built-in-Features, Quartz/Quartzite Counter Tops, Walk Up
Cap Rate: 8
Days on Site: 10
Exterior: Brick
Flooring: Ceramic Tile, Hardwood, Laminate
Included In Taxes: Trash
On Market Date: 2026-10-30
Parcel Number: 2-04643-0140
Parking Features: Off Site, On Street
Property Attached Y/N: 1
Rental Term: Monthly
Security: yes
Security Features: Fire Alarm, Fire Sprinkler System, Key Card Entry, Smoke Detector(s), Video Cameras
Sewer: Public Sewer
Tenant Pays: Electricity, Gas, Heat
Units: 8
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
School District: Bronx 11
Listed By / Shown By
Listing By
Agency Name: Houlihan Lawrence Inc.
Agency Contact: 914-636-6700
Shown By
Agent Name: Devi Rameshwar
Agent Phone: Cell: (347) 319-2792
Agency Title: Coldwell Banker American Homes
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3530 Willet Avenue | MLS# 1066898
This commercial property located at 3530 Willet Avenue , Bronx, NY 10467 is currently listed for sale with an asking price of $2,750,000. Willet Avenue is located within the Bronx 11 school district. Search Bronx real estate on devirameshwar.cbamhomes.com today.