1846-1848 Guerlain Street

Property feature image
Address: 1846 Guerlain St, Bronx, NY 10460, USA
New York & Tri-State + Apartment Buildings
Created date: July 28, 2026
Date last updated: July 28, 2026
Price: $7,500,000Investment Analyzer NEW!

2024 New Construction:
Two (2) adjacent multifamily assets spanning 11,529 gross square feet in the Parkchester section of the Bronx

Valuable Tax Protection:
Benefits from a full 35-year 421a tax exemption, providing long-term savings

Strategic Unit Breakdown:
17-unit portfolio featuring an efficient layout of three (3) studios, nine (9) one-bedroom, and five (5) two-bedroom apartments. Legally structured as sixteen (16) Rent Stabilized units and one (1) Free Market unit.

Fully Occupied Cash Flow:
Offers immediate, turnkey revenue driven by the Augmented CityFHEPS program at 130% AMI, securing a government-supported rental income stream day one

Premium Return Profile:
High-yield investment opportunity featuring an in place cap rate above comparable new construction assets, translating to an attractive double digit cash on cash return

Transit Oriented Location:
Positioned within walking distance to both the East 180th Street station (2,5) and the Parkchester Station (6) offering dual-line subway access, and connectivity to the Bx39 bus line on White Plains Road

Availabletick-green

Request Information

Due Digilence Documents

Due Diligence Documents

Broker Details

Ariel Property Advisors
Ariel Property Advisors

Ariel Property Advisors (212) 544-9500

New call-to-action

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $7,500,000
No. of Units: 24
Building Size: 11,529 Sq ft
Opportunity Zone: No
Price per unit: $312,500
Address: 1846 Guerlain St, Bronx, NY 10460, USA

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

135-137 Pendleton Street

135-137 Pendleton Street

New Haven, Connecticut
New York & Tri-State + Apartment Buildings
Price: $645,000
84 Ashland Place

84 Ashland Place

New Haven, Connecticut
New York & Tri-State + Apartment Buildings
Price: $499,900
61-63 Clark Hill Road

61-63 Clark Hill Road

East Hampton, Connecticut
New York & Tri-State + Apartment Buildings
Price: $424,900

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up