2034 Colden Avenue, New York, NY, 10462
$1,150,000
$1,400,000
Bedrooms
5
Bathrooms
3
Year Built
1940
Garage
1 car
Type
Multi Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
2034 Colden Avenue – Newly Renovated Multi-Family | Owner-Occupant or Investment Opportunity Exceptional opportunity to own a fully renovated three-apartment property just one block from the train station. Ideal for an owner-occupant seeking rental income from the other residences or an investor seeking a renovated income-producing property. The property features hardwood floors, energy-efficient split heating and cooling systems, stainless steel appliances including dishwashers, and a stackable washer and dryer in every unit. The upper residences offer comfortable layouts, walk-in closets and one full bathroom in each unit. The first-floor residence features step-free, walk-in access and a yard. Residents are responsible for their individual utilities, including water usage. Cold water is separately submetered, allowing usage to be allocated to each residence and helping keep owner-paid operating expenses low. At the $1,150,000 asking price, the full-property rental pro forma projects monthly rents of $3,200 for the first floor and $3,000 for each upper apartment, totaling $9,200 per month or $110,400 annually. Listed annual operating expenses total approximately $10,341, including property taxes, estimated insurance, common electricity and submetering service fees. This results in projected net operating income of approximately $100,059 and a projected cap rate of 8.70%. With its renovated condition, in-unit laundry, individual climate control and convenient transportation access, 2034 Colden Avenue offers flexibility to live in one residence while collecting rent from the others or rent all three apartments as an investment.
Listed by Shlomo Ruben, Cordial Realty Group Inc
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Nov 8, 2026, 10:09 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Copyright concerns? See our DMCA notice.
Fill out the form below and an agent will get back to you.