UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID L3593290
HOA Y/N No
Rental Info No
Year Built 2018
Annual Tax Amount $3,698
Property Sub-Type Retail
Source onekey2
Property Description
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.
Location
State NY
County Bronx County
Interior
Interior Features Smart Thermostat
Heating Electric, ENERGY STAR Qualified Equipment
Fireplace No
Exterior
Total Parking Spaces 24
Private Pool No
Building
Story 4
Others
Special Listing Condition None
NEARBY SCHOOLS & PROPERTIES
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.