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$2,299,999
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Property Description
Introducing 1845 Andrews Avenue, a newly developed brick five-family offering premium modern living and strong investment stability in the fast-growing University Heights corridor. With approximately $169K in gross income and an estimated $150K NOI, this building delivers a solid 6.3% cap rate, making it an attractive opportunity for savvy investors seeking a high-quality, free-market asset. Inside, each residence showcases custom finishes and thoughtful design, including flint-grey cabinetry, stone breakfast bars, stainless steel appliances, and hardwood flooring throughout. Spacious living rooms flow seamlessly into the kitchens-ideal for entertaining-while well-placed powder rooms offer added convenience. Bedrooms in every unit easily accommodate full furniture sets, creating comfortable, livable spaces. Each unit comes with wall units that provide efficient heating and cooling. This five-family includes: "¢ Two 3-bedroom units, with 1.5 Baths, one with private yard access "¢ Two 1-bedroom units, one with an in-unit washer and dryer and private outdoor space "¢ One 2-bedroom unit Perfectly positioned in Morris Heights/University Heights, the building is moments from playgrounds, supermarkets, restaurants, schools, and multiple transit options (4, B, D trains + Bx3/Bx18/Bx36). With quick access to major roadways and the George Washington Bridge, commuting is efficient and convenient. Building Amenities: "¢ Common Laundry on-site "¢ Storage "¢ Garage parking "¢ Security camera system "¢ Pet-friendly "¢ Tenants pay their own utilities. Whether you're an end user seeking modern comfort or an investor pursuing a newly built, free-market asset with strong income, 1845 Andrews Avenue stands out as a premier offering in University Heights.
Full Property Details
Full Property Details for 1845 Andrews Ave
General
- Price: $2,299,999
- Taxes: $9,892
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 941143
- Updated: 12/4/2025
- Added to Site: 46 day(s) ago
Rental Information
- Complex Features: Laundry, Quartz/Quartzite Counter Tops, Storm Windows
Interior
- Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s)
- Flooring: Hardwood
Parking
- Total Spaces: 1
- Parking Features: Garage, Shared Driveway
Location
- County: Bronx County
Heating & Cooling
- Cooling Type: Electric, Wall/Window Unit(s)
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Common, Finished, Walk-Out Access
- Building Size: 4187
- Square Feet: 4,187
- Year Built: 1920
Lot Features
- Property View: City
- Lot Size (Acres): 0.0721
- Lot Size (Sq. Ft.): 3,139
- Zoning: R5
Financial Considerations
- Tax Amount: $9,892.76
- Tenant Pays: All Utilities
Disclosures and Reports
- Special Conditions: None
- Property ID: 02879-0301
Listed by Locqube New York, Inc.
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Schools
Schools serving 1845 Andrews Ave
School District:New York City Geographic School District 10
| Name | Grades | Distance |
|---|---|---|
Ps 226 1950 Sedgwick Ave, The Bronx, NY 10453 | K-5 | 0.2 mi |
Ms 390 1930 Andrews Ave, The Bronx, NY 10453 | 6-8 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1845 Andrews Ave
Date
Details
Price
Change
Source
12/04/2025
Listed
$2,299,999
314.41%
MLS
4/01/2019
Sold
$555,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1845 Andrews Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,893
8%
$79,142
8%
2024
$9,161
8%
$73,280
8%
2023
$8,483
80%
$67,852
27%
2022
$4,715
2%
$53,520
9%
2021
$4,614
-1%
$49,260
3%
2020
$4,638
2%
$47,700
20%
2019
$4,540
15%
$39,900
95%
2017
$3,944
—
$20,480
6%
2017
$3,944
8%
$19,347
6%
2016
$3,652
2%
$18,270
—
2015
$3,571
3%
$18,261
1%
2015
$3,465
18%
$18,087
6%
2013
$2,935
—
$17,067
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1845 Andrews Ave
1845 Andrews Avenue, Bronx, NY 10453 (MLS# 941143) is a Commercial property. 1845 Andrews Avenue is currently listed for $2,299,999 and was received on December 04, 2025. Want to learn more about 1845 Andrews Avenue? Do you have questions about finding other Commercial real estate for sale in Bronx? You can browse all Bronx real estate or contact a Coldwell Banker agent to request more information.

