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 ...


Property

Website:https://www.nestseekers.com/4043141
Address:
3530 Mickle Avenue
New York, NY 10469
Cross street:Chester St
Ownership: For Sale
Type: Retail

Financials

Price:$10,800,000
Annual Taxes:$3,698
Real estate tax:$3,698

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

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of Blue Key Real Estate Brokerage