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1926 Holland Ave, Bronx, NY 10462
1926 Holland Ave, Bronx, NY 10462
$1,500,000
$704/sq ft
5 Beds
6.0 Baths
2,132 Sq Ft
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About This Property
Elevate or start your real estate portfolio with this multi-family property located at 1926 Holland Avenue in The Bronx, New York. The ability to manage multiple rental units in this property, with the potential to own profitable real estate in New York City, appeals to owner-occupiers and pure investors alike. Gross Building Area (GBA) is over 3000 square feet.
Units are not Rent-Stabilized
All of the rental units in the home are not subject to any rent stabilization programs. This means that, as an owner and investor, your units are subject to the current Rent Freeze goals of the current NYC Mayor. Also, the property is not subject to any rent increase caps set by the NYC Rent Guidelines Board, which announces them every year. Lastly, the home is registered with NYC HPD and is fully compliant with all rental subsidy programs such as Section 8, FHEPS, and CityFHEPS.
Asset Stability
Ideally situated in a highly convenient location, the home is within close proximity to grocery stores, major highways, subway lines, an express bus to Manhattan, local buses, and upcoming Morris Park and Parkchester Metro-North train stations. Also close by are hospitals and medical facilities, shopping, dining, and other neighborhood amenities. Its accessibility and central positioning enhance both rental desirability and long-term value.
Property Features
Well Maintained, Managed and Compliant
This home presents an exceptional opportunity as a pure investment or for owner-occupied living while benefiting from income-producing potential. The multi-family property at 1926 Holland Avenue has been refurbished and features generously sized rooms, updated kitchens, hardwood flooring, tile backsplashes, radiant heat, secured entry access, and multiple living areas across three units, plus an owner's storage unit and fully finished basement. The basement has a separate laundry area, a kitchen, and direct walkout access to the private backyard. The under-deck and backyard shed provide ample storage options. Convenient side access allows you to reach the backyard of the multi-family home without passing through the interior. 1926 Holland Avenue has multiple surveillance and security options, as each rental unit has a dedicated Ring Doorbell as well as surveillance cameras throughout the public areas and exterior of the property. There is a foyer area following the entry front door that allows tenant deliveries and surveillance camera access.
Roof replaced in 2023
Siding replaced in 2023
Oil Boiler under 10 years old
Dual Hot Water Tanks under 10 years old
Basement Refurbishment in 2023
Front Porch replaced in 2023
All Rental Units pass NSPIRE Inspection Standard
Complete Surveillance of all Exterior Areas
Complete Surveillance of all Public Areas
Individual Ring Doorbell for All Rental Units
Home Refurbishment in 2026
Individual Electric Meters for all Rental Units
Upgraded Water and Electric Meters
Documentation available upon request
Projected Income
Perfect for investors and homeowners
Currently, all 3 units are tenant-occupied with active leases supported by New York low-income rental subsidies of Section 8 and CityFHEPS that pay over 80% of the total rent to the landlord. 1926 Holland Avenue consists of 3 rental units, which include two 2-bedroom units and one 1-bedroom unit.
Two-bedroom Unit A rental income = $3,095 monthly (lease expires March 31, 2027)
Two-bedroom Unit B rental income = $2,100 monthly (lease expires January 31, 2027)
One-bedroom Unit C rental income = $2,584 monthly (lease expires November 30, 2026)
Current Total Rental Income = $7,779
The fully finished basement includes a laundry area. Both the basement and owner storage unit contain a kitchen and bathroom, which presents a unique income opportunity as well. Please review the floor plan of 1926 Holland Avenue to determine potential income opportunities.
Property Type
Multi Family
Year Built
1905
Lot Size
2,500 sqft
Heating
Baseboard; Radiant; Oil
Cooling
Other
Features & Amenities
Interior Features
- Asphalt
- Baseboard
- Dryer
- Finished
- Hardwood
- Laminate
- Linoleum / Vinyl
- Microwave
- Oil
- On-street
- Other
- Radiant
- Range / Oven
- Refrigerator
- Tile Flooring
- Washer
Property Owner
PO
Property Owner
Property Owner
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Mortgage Calculator
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Estimated Monthly Payment
$9,584
Payment Breakdown
Principal & Interest
$7,984
Property Tax
$1,500
Home Insurance
$100
HOA Fees
$0
Loan Amount
$1,200,000
Total Interest Paid
$1,674,107
Total Cost
$2,874,107