The borough of Bronx is one of the five boroughs in New York City and it is probably most known for being the home of the Yankees. Other than baseball games at Yankee stadium, the Bronx Zoo and the New York Botanical Garden also attracts people to visit the borough. Around 1.5 million people live in the Bronx, and another thing that is great about it is that it is just far enough away from Midtown that prices are affordable but the commute isn’t too bad. So if you’re looking for affordable units with space to follow, check out the following 10 apartments on the market for $400,000 or under.
1. 1910 Pelham Pkwy S – Unit #1C
Neighborhood: Pelham Bay
Price: $250,000
Size: 2 Beds, 2 Bath
Cap Rate: 5.99%
We start the list with this spacious 2 bedroom, 2 bath apartment located in Pelham Bay. And the space is significantly lower priced than the budget, being listed for $250,000! The 2 bedroom is located on the first floor over 1,100 square feet. The apartment itself is located in a hi-rise apartment building which comes with an elevator, a laundry room and indoor and outdoor parking.
2. 1075 Grand Concourse – Unit #5A
Neighborhood: Concourse
Price: $299,000
Size: 1 Bed, 1 Bath
Cap Rate: 4.59%
Oversized windows, spacious, private library, and foyer are just a few things this place can offer you. And only for the price of $299,000. While it is listed as a 1 bedroom, you could technically view this as a 2 bedroom as the living room is equipped with a Murphy bed in addition to having a separate bedroom. Even more, you get exposed brick, the bathroom features a classic claw bath tub, and it’s pet friendly!
3. 5700 Arlington Ave – Unit #19G
Neighborhood: Riverdale
Price: $380,000
Size: 2 Bed, 1 Bath
Cap Rate: 3.07%
Another 2 bedroom makes the list, this one listed at $380,000, just under the budget this time around. The apartment can tempt you with things such as space, obviously, but also with things such as open, panoramic views, granite and stainless steel appliances, and being located in a full service complex! That means, you have access to a 24 hour doorman, a gym, a pool, and wait for it, a dog park. One dog per apartment is the policy!
4. 3311 Giles Pl – Unit #5E
Neighborhood: Kingsbridge
Price: $325,000
Size: 2 Beds, 2 Bath
Cap Rate: 4.61%
Just by looking at the photos, this apartment screams spacious. It is a 2 bedroom, 2 baths as well, and it’s located in Kingsbridge, in a co-op building. The apartment is overlooking the Jerome Park Reservoir and you can enjoy the views from your private balcony or from the master bedroom, which also comes with an ensuite bathroom.
5. 5800 Arlington Ave – Unit #10S
Neighborhood: Riverdale
Price: $310,000
Size: 1 Bed, 1 Bath
Cap Rate: 3.21%
Another gorgeous apartment featured on our list is this sun-filled 1 bedroom apartment with fantastic views of the city, the river, and George Washington Bridge. The apartment comes with a renovated kitchen that has stainless steel appliances, granite countertops and a large center island. There is tons of space throughout the apartment for a 1 bedroom, and you even get a large balcony, for only the price of $310,000!
6. 398 Oliver Pl – Unit #4E
Neighborhood: Bedford Park
Price: $125,000
Size: 1 Bed, 1 Bath
Cap Rate: 15.72%
You should also make sure to include this 1 bedroom apartment on your list of places to check out in the Bronx. The kitchen is top notch as it has recently been renovated, the bathroom was also recently updated, the apartment has hardwood floors throughout, and the unit is located in an elevator building. And, the place is pet friendly.
7. 3512 Oxford Ave – Unit #6C
Neighborhood: Riverdale
Price: $395,000
Size: 2 Beds, 2 Bath
Cap Rate: 4.18%
Located on the top floor, this 2 bedroom apartment is a real stunner, and it just made the list by being listed for only $5,000 below the $400,000 budget price! The place is filled with natural light and it has an open floor plan, which allows for creative decorating. The building is in close proximity to public transportation, shopping, restaurants, you name it, making the place even more desirable.
8. 1020 Grand Concourse – Unit #23O
Neighborhood: Concourse Village
Price: $359,000
Size: 2 Beds, 1 Bath
Cap Rate: 4.03%
Located in a luxury apartment building, this apartment seems to have it all. Great views, a terrace, a 24 hour doorman, on site dry cleaner, with a fitness center and bike storage on the way. It is also located in a great area, where you’ll be surrounded by parks, bike lanes, schools, public transportation, pretty much anything you need in your daily life routine. It is also pet friendly, for those moving with their furry friends.
9. 3050 Fairfield Ave – Unit #5K
Neighborhood: Riverdale
Price: $349,000
Size: 3 Beds, 2 Bath
Cap Rate: 4.67%
This is probably the biggest apartment on our list, a 3 bedroom, 2 bath apartment located in Riverdale. There is hardwood floors throughout the apartment, a renovated kitchen, a large and private balcony, and great views. If you’re one of those who prefer to drive around the city instead of taking public transportation, you can have access to purchase the rights to an indoor garage spot as well.
10. 1020 Grand Concourse – Unit #23G
Neighborhood: Concourse Village
Price: $399,000
Size: 2 Beds, 1 Bath
Cap Rate: 4.02%
Another apartment available at 1020 Grand Concourse is this 2 bedroom, 1 bath apartment currently listed for $399,000, just making the cut. The unit is located on a high floor with an eat-in kitchen and a private terrace with stunning views. The unit is located in a luxury building which features a 24 hour doorman, live in super, it’s pet friendly, and much much more.
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