3530 Mickle Avenue
New York, NY 10469
Cross street:Chester St

Property

Ownership: For Sale
Type: Retail

Financials

Price:$10,800,000
Annual Taxes:$3,698
Real estate tax:$3,698
505 Park Ave, New York, NY 10022
Listing Courtesy of Blue Key Real Estate Brokerage

Prime 28 Unit Investment Opportunity in Williamsbridge, Bronx Located in the sought after Williamsbridge section of the Bronx, this exceptional 28 unit property offers strong cash flow, modern amenities, and ...

Description

Prime 28-Unit Investment Opportunity in Williamsbridge, Bronx Located in the sought-after Williamsbridge section of the Bronx, this exceptional 28-unit property offers strong cash flow, modern amenities, and long-term upside. Benefiting from a 421a Tax Abatement, this income-producing asset is ideal for savvy investors or a 1031 exchange. All units are fully electric—no gas—with tenants responsible for all utilities, minimizing operating costs. Each unit is equipped with individual hot water tanks (28 total), stainless steel appliances, and efficient Mitsubishi split-unit heating & cooling systems. A studio super’s unit is also included. Additional features include: Digital video intercoms in each unit Interior & exterior surveillance cameras 24 outdoor parking spaces Low operating expenses NOI: $705,068 | Net Cap Rate: 6.1% This is a turn-key asset in a thriving Bronx neighborhood—perfect for portfolio expansion with minimal management headaches.

Amenities

  • ENERGY STAR Qualified Windows
  • Insulated Windows
  • Smart Thermostat

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.