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1241 College AvenueBronx, NY 10456

For Sale

$835,000

Smart Buyer Rebate $8,375

Welcome to 1241 College Ave, Bronx, NY 10456 — an exceptional investment opportunity offering strong income potential. This solid brick property features three residential units and a ground-floor storefront, along with a full unfinished basement that provides excellent storage space or potential for future customization.

The building includes two spacious two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment, all with comfortable layouts and great rental appeal. The storefront adds an additional income source or can be used for your own business. With a projected total rental income of approximately $10,000 per month and an estimated 10–11% CAP rate, this property offers impressive returns and reliable cash flow.

Whether you’re an investor looking for a high-yield opportunity or a buyer interested in living in one unit while your tenants cover most of the mortgage, 1241 College Ave offers flexibility and long-term value. Conveniently located near major transportation, schools, shopping, and local amenities, this property provides both convenience and potential in one of the Bronx’s most active neighborhoods.

Don’t miss your chance to own this income-generating property in a prime Bronx location. Contact Emran Bhuiyan at Emran Estates Realty for more details or to schedule a private showing.

Listed by Emran H. Bhuiyan

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Emran Estates Realty

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347-261-7671

Last updated November 19, 2025

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Source: OneKey #933219

Listing Facts

  • TypeMulti-family
  • NeighborhoodConcourse
  • Bedrooms5
  • Bathrooms4
  • Days on Prevu9
  • Taxes$3,374.28/year

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

11/10/2025
Status changed to Active
$835,000
11/10/2025
Listed by Emran Estates Realty
$835,000

Estimated Closing Costs

Total
$26,117
Attorney Fees
$4,000
Title Insurance
$3,758
Bank Attorney
$1,500
Mortgage Recording Tax
$12,859
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $835,000 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 1241 College Avenue

Exterior

Construction

  • Number Of Units Total: 3
  • Property Attached: Yes
  • Year Built: 1905
  • Architectural Style: Mini Estate
  • Construction Materials: Brick

Measurements

  • Building Area Total: 2,492
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.03
  • Lot Size Square Feet: 1,700

Financial

Taxes

  • Parcel Number: 02439-0068
  • Tax Annual Amount: $3,374.28
  • Tax Assessed Value: $52,980.00
  • Tax Year: 2024

Interior

Features

  • Interior Features: First Floor Bedroom, First Floor Full Bath

Rooms

  • Basement: Full, Partially Finished
  • Has Basement: Yes
  • Bathrooms Full: 4
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 5

Parking

Parking

  • Parking Features: Off Street

Schools

Elementary School

  • Elementary School: Ps 53 Basheer Quisim
  • Elementary School District: Bronx 9

High School

  • High School: Dreamyard Preparatory School
  • High School District: Bronx 9

Middle or Junior School

  • Middle Or Junior School: Jhs 22 Jordan L Mott
  • Middle Or Junior School District: Bronx 9

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Heating: Radiant
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: Public

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.

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.