Discover a rare investment opportunity in the heart of City Island, a vibrant, nautical community in the Bronx known for its charm, history, and strong local business presence. The ground floor hosts four (4) separate commercial storefronts, all with street frontage along City Island Ave., a high foot-traffic area perfect for professional service. Perfectly suited for investors or owner-occupants looking to live and earn in one of the most unique neighborhoods in New York City. This newly renovated mixed-use property offers a blend of residential comfort and commercial. Located on the top floor, features four (4) beautiful apartments, including: 2, two bedroom apartment, one bedroom, and a very large studio apartment. Fully updated unit with an open-concept layout, flooded with natural light including 4 large skylights in one of the apartments, and modern kitchens and bathrooms. Beautiful high ceilings and quality finishes with updated roofing and skylights. This asset offers strong upside potential with a low in-place rent roll and substantial projected income in future. Pending Final Certificate of Occupancy | Projected High Rent Roll |Property Tax Grievance in Progress. Don’t miss this opportunity to own a piece of City Island’s commercial and residential charm. Whether you're an investor or a business owner looking for a space to live or work – 312–316 City Island Ave offers flexibility, income potential, and long-term value.