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$999,000
Est. payment /mo
2,012 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Belmont
MLS Listing ID 1030608
Rental Info No
Year Built 1901
Annual Tax Amount $5,074
Lot Size 2,012 Sqft
Acres 0.0462
Property Sub-Type Mixed Use
Source onekey2
Property Description
PRIME MIXED-USE INVESTMENT OPPORTUNITY IN THE HEART OF BELMONT!
This three-story mixed-use building offers an excellent combination of immediate income, future upside, and flexibility. The property features one ground-floor retail storefront, one spacious 3-bedroom apartment, and one spacious 4-bedroom apartment. Both residential apartments will be delivered vacant at closing, giving the new owner the opportunity to maximize rental income immediately. The ground-floor retail space is currently occupied, providing income from day one. The building contains approximately 4,280 square feet and is classified as Tax Class 1, helping to keep annual real estate taxes relatively low. Ideally located just off Fordham Road in one of the Bronx's busiest and most desirable commercial corridors, the property benefits from excellent foot traffic and convenient access to everything the neighborhood has to offer. Enjoy close proximity to Fordham University, Arthur Avenue's renowned restaurant corridor, St. Barnabas Hospital, shopping, schools, major highways, and public transportation, including the B, D, and 4 subway lines, along with multiple bus routes.
An excellent opportunity for investors, owner-users, or 1031 exchange buyers seeking a well-located mixed-use asset with immediate upside and long-term appreciation potential.
Showings by appointment only. Please do not disturb the commercial tenant.
This three-story mixed-use building offers an excellent combination of immediate income, future upside, and flexibility. The property features one ground-floor retail storefront, one spacious 3-bedroom apartment, and one spacious 4-bedroom apartment. Both residential apartments will be delivered vacant at closing, giving the new owner the opportunity to maximize rental income immediately. The ground-floor retail space is currently occupied, providing income from day one. The building contains approximately 4,280 square feet and is classified as Tax Class 1, helping to keep annual real estate taxes relatively low. Ideally located just off Fordham Road in one of the Bronx's busiest and most desirable commercial corridors, the property benefits from excellent foot traffic and convenient access to everything the neighborhood has to offer. Enjoy close proximity to Fordham University, Arthur Avenue's renowned restaurant corridor, St. Barnabas Hospital, shopping, schools, major highways, and public transportation, including the B, D, and 4 subway lines, along with multiple bus routes.
An excellent opportunity for investors, owner-users, or 1031 exchange buyers seeking a well-located mixed-use asset with immediate upside and long-term appreciation potential.
Showings by appointment only. Please do not disturb the commercial tenant.
Location
State NY
County Bronx County
Interior
Heating Natural Gas
Cooling Multi Units
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Schools
High Schools Bronx 10
School District Bronx 10
Others
Special Listing Condition None
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Listed by Charles Rutenberg Realty, Inc. • Georgina T. Maynard
NEARBY SCHOOLS & PROPERTIES
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