New York, NY 10469

Property

Ownership: For Sale
Type: Multi-Family
Pets: Pets No
Lot Size: 0.16 Acres

Financials

Price:$2,450,000
Annual Taxes:$87,223.96
505 Park Ave, New York, NY 10022
Listing Courtesy of Classic Realty Partners Inc

Description

Prime Mixed-Use Investment Opportunity in Pelham Gardens, Bronx For Sale: 1450 E Gun Hill Rd, Bronx, NY 10469 – a high-income-producing mixed-use property in the heart of Pelham Gardens. This four-story corner building features 9 residental apartments, 3 retail spaces, 1 office, a social club, and 5 garage spaces with additional storage. With 13,533 SF of space, 53.5’ of frontage, and zoning of R6B, C2-3, this asset offers both stability and growth potential. Investment Highlights: ? Cap Rate: 8.56% ? GRM: 6.79x ? High-Demand Location: Just 2 blocks from the Gun Hill Rd (5 Train) Station ? Diverse Tenant Mix: Long-term residential and commercial tenants with upside potential A rare opportunity to acquire a well-positioned, turnkey investment in a thriving neighborhood!

Amenities

  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Phone Connected
  • Sewer Connected
  • Trash Collection Public
  • Underground Utilities
  • Water Connected

Prime Mixed Use Investment Opportunity in Pelham Gardens, Bronx For Sale 1450 E Gun Hill Rd, Bronx, NY 10469 a high income producing mixed use property in the heart of ...


    Long Island MLS

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