- For Sale $5,000,000
- Property Type Multi-Family
- Property Size 8,789 SF
- Units 11
- Lot Size 2,075 SF
- Cap Rate % 5.18
- Rental Income / YR $321,240.60
- NOI / YR $259,105.38
- Taxes / YR $4,800.00
- Zoning R7-1 / C2-4
- Year Built 2021
- Date Updated Jul 28, 2026
Description
Kassin Sabbagh Realty (KSR) is pleased to present 1462 Southern Boulevard, a well-positioned
multifamily property located along one of the Bronx’s most prominent commercial corridors in
the heart of Crotona Park East. Situated directly on Southern Boulevard and just moments from
Crotona Park, Starlight Park, and the 2 & 5 subway lines, the property benefits from outstanding
accessibility, a dense surrounding residential population, and consistent neighborhood retail activity.
The offering presents investors with the opportunity to acquire a strategically located asset in a dynamic Bronx
submarket experiencing continued residential development and public investment. Surrounded by a diverse
mix of national retailers, neighborhood businesses, schools, healthcare providers, and public transportation,
1462 Southern Boulevard is well positioned to capitalize on the area’s strong housing demand, expanding
commercial corridor, and long-term growth fundamentals..
BRAND NEW CONSTRUCTION MULTI-FAMILY PROPERTY
A newly constructed multifamily asset featuring modern construction, contemporary finishes, and minimal
near-term capital expenditure requirements. The property offers investors the opportunity to acquire a
turnkey residential investment in one of the Bronx’s fastest-evolving neighborhoods, benefiting from strong
rental demand and continued public and private investment.
STRONG IN-PLACE INCOME
The asset generates stable, in-place cash flow from a quality residential tenant base, providing immediate
income with the potential for long-term appreciation. Strong housing fundamentals and limited new supply
within the surrounding area continue to support durable occupancy and rental growth.
IMMEDIATE ACCESS TO THE 2 & 5 TRAINS
Located just moments from the Freeman Street and Simpson Street subway stations, the property offers
direct access to the 2 and 5 subway lines, providing convenient connectivity to Manhattan, Downtown
Brooklyn, and the greater Bronx. Multiple bus routes and nearby major thoroughfares further enhance
accessibility.
LOCATED ALONG PRIME RETAIL OF SOUTHERN BOULEVARD
Positioned on one of the Bronx’s primary commercial corridors, the property benefits from immediate
proximity to Southern Boulevard’s vibrant mix of neighborhood retailers, national chains, restaurants, grocery
stores, healthcare providers, and everyday services. This established retail corridor serves a dense residential
population and generates consistent pedestrian activity throughout the day.
STEPS TO CROTONA PARK & STARLIGHT PARK
Residents enjoy easy access to two of the Bronx’s premier recreational destinations. Crotona Park offers
over 125 acres of green space, sports facilities, walking paths, and a public swimming complex, while nearby
Starlight Park features waterfront trails along the Bronx River, playgrounds, bike paths, and open recreational
areas. Combined with the neighborhood’s growing investment and excellent transportation infrastructure, the
location offers an exceptional balance of urban convenience and outdoor amenities.
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Contacts
Kassin Sabbagh Realty
Kassin Sabbagh Realty
Kassin Sabbagh Realty