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811 Courtlandt Avenue, 
Bronx, NY 10451

$1,449,999


7

Beds


4

Baths


2,760

Sq Ft


Multi-Family

Active

Listed by

Jeffrie Pena

Locqube New York, Inc.

Last updated:

October 19, 2026, 11:40 AM

MLS#

999598

Source:

OneKey MLS

About This Home

811 Courtlandt Avenue

Welcome to Concourse Village, a rare, fully renovated mixed-use investment opportunity in one of the Bronx's most accessible neighborhoods. This versatile building features three updated residential units totaling 7.5 bedrooms and 3.5 bathrooms, plus a modernized ground-floor commercial space, and will be delivered fully vacant at closing — giving the new owner immediate flexibility to lease at market, occupy, or reposition the asset. This is an ideal opportunity for developers, owner-users, and investors seeking a clean slate in a high-demand corridor. Priced at $1,450,000 with a projected net operating income of $120,894, the property delivers a projected cap rate of 8.34% — well above the typical Bronx multi-family benchmark — and a projected cash-on-cash return of 12.91%, based on 20% down at a 6% interest rate over a 30-year amortization. Projected rents are underwritten using current New York City Payment Standards, providing a conservative, voucher-backed baseline; market-rate rents in the area may yield even stronger returns. Tenants are responsible for their own utilities, keeping operating expenses lean and cash flow predictable from day one. Each residential unit has been thoughtfully designed for the modern renter, featuring sleek kitchens with stainless steel appliances, grey quartz countertops, and flint grey cabinetry. Hardwood floors flow throughout, complemented by spacious open-concept living areas built for entertaining and stylishly updated bathrooms. The ground-floor commercial space has been fully upgraded and is move-in ready for an established tenant or owner-operator. Additional features include a spacious private backyard ideal for gardening or outdoor relaxation, an adjacent community garden providing a landscaped park-like setting, onsite storage, laundry facilities, and a walkout basement for added utility and flexibility. Ideally located just minutes from the Melrose Metro-North station with a 30-minute commute to Midtown Manhattan, the property also offers convenient access to major highways, Starbucks, and a growing roster of local dining options. R7-2 zoning unlocks meaningful development potential, making this an exceptional opportunity for builders and long-term holders looking to scale or reposition the site. Delivered vacant, fully renovated, and offering double-digit projected returns with diversified residential and commercial income streams — this property gives you optionality from day one.

Home Facts

Multi-Family

4 Baths

7 Bedrooms

Built in 1920

Price Summary

1,449,999

$525 per Sq. Ft.

MLS #:

999598

Last Updated:

October 19, 2026, 11:40 AM

Added:

5 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Building Area:

2,760 Sq. Ft.

Year Built:

1920


Lot

Lot Size (Sq. Ft):

2,450


Finances & Disclosures

Finances

Price:

$1,449,999

Price per Sq. Ft:

$525 per Sq. Ft.

Source:OneKey MLS
Copyright 2026 OneKey MLS. All rights reserved. Listings courtesy of OneKey MLS as distributed by MLS GRID . OneKey MLS provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. OneKey MLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of OneKey MLS.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.