Excellent mixed use investment opportunity in the South Bronx.


Property

Website: https://www.nestseekers.com/5408247
Address:
New York, NY 10459
Ownership: For Sale
Type: Unknown
Bedrooms: 5 BR
Bathrooms: 5
Lot Size: 0.1 Acres

Financials

Price:$1,551,000
Annual Taxes:$1,547.44

Description

Excellent mixed-use investment opportunity in the South Bronx. This fully occupied property features three residential units and one commercial space, offering strong and consistent income. Based on current rents, the property generates approximately $12,500/month ($155,000 annually), with an estimated NOI of ~$122,289. This supports an approximate 7.5% return at current pricing, with additional upside potential from on-site advertising income. Ideal for investors seeking a turnkey asset with multiple income streams and long-term growth. Low operating expenses, including a favorable tax structure, further enhance the overall return profile. Conveniently located near transportation, shopping, and major thoroughfares, making it attractive for both residential and commercial tenants. All income, expense, and return figures are approximate and should be independently verified.

Amenities

  • Electricity Connected
  • First Floor Bedroom
  • Natural Gas Connected
  • Water Connected

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of EXP Realty