1549 Selwyn Ave, Bronx, NY 10457
FOR SALE

1549 Selwyn Ave
Bronx, NY 10457

Concourse
  • 7 Beds
  • 5 Baths
  • 4,353 sqft
  • 7 Beds
  • 5 Baths
  • 4,353 sqft

$1,675,000

Original price: $1,600,000
Est. Mortgage $10,283/mo*
Get Pre-Qualified

Local Information

map showing home location
© Google
-- mins to
Commute Destination

Description

Welcome to 1549 Selwyn Avenue, located in the thriving Claremont section of the Bronx. This property is an outstanding investment opportunity, offering a mixed-use structure combining modern living spaces with the convenience of a medical office leased out by Montefiore Podiatrist. The medical office reimburses approximately 25% of their building expenses. Located in the heart of Claremont, this property enjoys the benefits of urban living with easy access to various amenities and transportation options. Fully detached, durable brick construction that exudes timeless charm. A total of four parking spaces. The property is fully occupied. Residential units are fully renovated, each designed with modern living in mind and dedicated medical office space within the property. This property promises strong income potential. This fully occupied investment blends contemporary residential living with a functional medical office space. Its prime location, solid construction, and substantial income make it an attractive investment for those seeking a reliable source of rental income. The property's R7-1 - FAR allows an additional 5,863.80 buildable SF. Perfect for a savvy developer looking to build up.
Property Breakdown
Medical Office - $2,653
Unit 1 - 4 Bed 1.5 Bath - $3,000
Unit 2 - 1.5 Bed 1 Bath - $1,885
Unit 3 - 2 Bed 1.5 Bath - $2,250
Parking Monthly Rent Roll (4 Spots) -$745
Total Annual Gross Income - $125,632.08
Total Annual Net Income - $105,731.02
Property Highlights
R7-1 - FAR allows an additional 5,863.80 SF info to be verified with an architect.
6.57 Cap Rate Actual
8.7 Cap Rate - Proforma (Reflecting 2024 HPD Payment Standard)
100% Occupancy
Montefiore Medical Office

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$385
Listed
72 days ago
Listing by: Pantiga Group, (917) 242-9882

Home Details for 1549 Selwyn Ave

Days on Market

Days on Market: 71 Days on Trulia

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: Apartment

Price & Status

Price
Price Per Sqft: $385

Community

Units in Building: 3

Price History for 1549 Selwyn Ave

DatePriceEventSource
03/20/2024$1,675,000PriceChange
StreetEasy
02/16/2024$1,600,000Listed For SaleStreetEasy
03/23/2018$750,000Sold
N/A
11/15/2017$800,000ListingRemovedAgent Provided
07/03/2017$800,000Listed For SaleAgent Provided
07/23/2011$1,100Sold
N/A
07/16/2011$499,000PriceChange
Agent Provided
07/09/2011$599,000Listed For SaleAgent Provided

Similar Homes You May Like

Skip to last item
Skip to first item

New Listings near 1549 Selwyn Ave

Skip to last item
Skip to first item

Property Taxes and Assessment

Year2023
Tax
Assessment$696,000
Home facts updated by county records

Neighborhood Overview

Concourse
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Concourse

  • Misty Ramirez
    "This area is quiet in the winter loud in the summer. This building is, let’s just say for like a bit of words not that great, and not great at doing their job at all the neighborhood is OK."
    0
    Flag
  • Elias Ramirez
    "There is only one event that ever happens and that’s by the train other than that this neighborhood does not have any special events"
    5
    Flag
  • Trulia User
    "Don’t live here. There is no sense of community and it is such a strain on your mental and physical health/wellbeing."
    3
    Flag
  • Trulia User
    "I’ve lived in the same neighborhood my whole life moved a couple times but came back and the convenience to literally everything. Nothing else like it and the people here are balanced some good some bad but I guess that’s everywhere. "
    4
    Flag
  • Trulia User
    "Good schools and very easy access to public transportation to any and all tri-state destinations. There are a number of school options and great community centers."
    0
    Flag
  • Trulia User
    "it's beautiful place to live They are stores and public transportation everything ... You get everything in this area"
    1
    Flag
  • Trulia User
    "The park is kept clean by the parks department people pick up after their dogs most of the time I am myself pick up after the dogs that I have"
    0
    Flag
  • Trulia User
    "Bad area. This place is not ideal for raising kids. High crime area schools are bad and overall quality of life is not good "
    8
    Flag
  • Trulia User
    "Myself, I don’t like that people don’t pick up after the dogs and if you don’t watch where you’re walking, you will step in it owner is walking the dogs without a leash, too dangerous for people and children and small dogs"
    2
    Flag
  • Trulia User
    "this neighborhood has really good transportation. It was a pretty fast ride from the Bronx. I like that their are lots of stores. "
    0
    Flag
  • Trulia User
    "Transportation is good, actually it’s very good. There are trains, buses and all kinds of taxis. I am lucky, I have parking at home and at work. Parking in New York is really bad."
    0
    Flag
  • Trulia User
    "Dog owners would not like dirty sidewalks or stepping on poop at the park while walking your own dog. "
    0
    Flag
  • Trulia User
    "there are no community events, people mind their business here, and everything is boring. Good for people how are introverts and hate talking to people. Don't move here it sucks."
    1
    Flag
  • Trulia User
    "The parks get really crowded in the summer they don’t leave the park till very late at night they make a lot of noise and there is no parking whatsoever and the noise factor is terrible"
    2
    Flag
  • Trulia User
    "Dog owners don’t pick up after themselves here. There is poop on every sidewalk, a huge bomb every few feet. It’s insane. Don’t live here."
    0
    Flag
  • Trulia User
    "If you have small children in this area you will have problems with them getting a full nights sleep with all the loud sirens from the ambulances and police. Overall neighborhood is good but a few unruly people make a nice place seem bad a few times a year. "
    0
    Flag
  • Trulia User
    "Don’t know, I’m not a dog owner. Probably there is not dog common area. They will like that we have two parks close by. "
    0
    Flag
  • Trulia User
    "The commute is no bad. But the train stations in 161st need to be clean up. Very dirty and mostly not well maintain. "
    0
    Flag
  • Trulia User
    "Washington Heights is the perfect area to live if you want peace and quiet or a little bit of nightlife because it has both there's lots of culture great food plenty of stores and access to major public transportation"
    0
    Flag
  • Trulia User
    "Too congested, moving out from the Bronx is a must. This area wouldn’t be bad if there was more police present "
    0
    Flag
  • Trulia User
    "I live in the middle of everything in the commute to Manhattan and Uptown’s Bronx is greatIt’s safe to walk through"
    0
    Flag
  • Trulia User
    "There are great parks in this neighborhood. Some of them are well-maintained, some require help, but overall they contribute to a great quality of life."
    0
    Flag
  • Trulia User
    "There are neighborhood get togethers in the park and at the Andrew Freedman home on the Grand Concourse."
    0
    Flag
  • Trulia User
    "There is always dog poop on the side walk loud noise from neighbors there is always trash from the garbage scattered in the streets and side walk and rats running wild literally."
    0
    Flag
  • Trulia User
    "Either my husband or myself will drive where we want to go. Also, I take the bus. I haven’t taken the train since January 2020. The homelessness is out of control in New York City. There are those who are mentally not stable and they roam the subway system. Lately, there have been a rise of violence in the subway stations all over the city."
    0
    Flag
  • Trulia User
    "I live in this neighborhood since I was 5 yrs old now I’m 29yrs old I’m use to this area so it’s very noisy not silent very crowded and transportation is close by bx1 & bx2 D,B & 4 train is nearby "
    0
    Flag
  • Trulia User
    "Not safe, noisy, unclean, parking is very hard to come by and they frequently break into cars, packages normally go missing "
    0
    Flag
  • Marilyndavis20
    "The Yankees games. A variety of restaurants and very culturally diverse. There is a track, museum, and parks in the area."
    5
    Flag
  • Boukare W. O.
    "It’s been 5 years now that I’m living in the area ,Amazing place 15 mn away from the city with the major public transportation buses and train!!many shops and restaurants ,the area is pretty quiet,no violence and good neighborhood ,I’m feeling very safe here,"
    27
    Flag
  • NH
    "Area has changed quite a bit over the 5-7 years, poor quality of life with the park over run by homelessness and trash from weekend parties"
    30
    Flag
  • Melinda M.
    "This neighborhood is has older people which are very nice. There is a lot of dog poop but my super keeps the building very clean "
    9
    Flag
  • Gomariee
    "Maybe the events at the Bronx county courthouse. The marathons that run down the concourse are awesome too. "
    1
    Flag
  • Lissenny A.
    "Everything is closed to me restaurant store’s supermarket transportation services trains an more.... "
    0
    Flag
  • Mcleod.kiana
    "Commute is about 1.5 hours to the foot of Manhattan. Near the 2, 4 and 5 via 149th Grand Concourse, and the 4, B and D via 161st street."
    1
    Flag
  • Jinm112021
    "I live here for 23 years a lot business, all Transportation near by but a lot violence and drugs.its getting worse everyday day"
    22
    Flag
  • Maleja B.
    "I live in this neighborhood for three months is cool from the start of it Friendly neighbors nice stores close by"
    4
    Flag
  • Ramiro M.
    "We the neighbors made special place life is the people around here we made a nice place Schools near Pharmacy close it Corner store everywhere Church around all the blocks Bus station around The b32 B35"
    2
    Flag
  • Affinitycolumn
    "Close to parks many options of commuting good size apartments history district unique architecture lots of greens"
    1
    Flag
  • Pedro T.
    "Christmas is the favorite event in the area most of the houses has Christmas light and Christmas adorns at the doors."
    0
    Flag
  • Venus M.
    "none, I am not aware of any community events. no community events, not aware. not a very unified community. "
    1
    Flag

LGBTQ Local Legal Protections

Jeffrie Pena - Licensed Real Estate Salesperson, Pantiga Group
1549 Selwyn Ave, Bronx, NY 10457 is a 7 bedroom, 5 bathroom, 4,353 sqft apartment built in 1920. 1549 Selwyn Ave is located in Concourse, Bronx. This property is currently available for sale and was listed by StreetEasy on Feb 16, 2024.