Commercial in Bronx County
| MLS Number | 895571 |
|---|---|
| Address | 1349 Elder Avenue, Bronx, NY 10472 show map |
| Price | $1,299,000 show mortgage calculator |
| Acres | 0.19568411386593 |
| Year Built | 1926 |
| Est. Sq. Footage | 0 |
| Zoning | r6 |
| Current Uses | |
| Permitted Uses |
Excellent investment opportunity in the Soundview section of the Bronx: a solid brick mixed-use building consisting of three residential apartments (two 1-bedroom units and one 2-bedroom unit) and two ground-floor commercial storefronts, one currently leased. Legal 3 family + 2 storefronts. The property is projected to generate $147,384 in gross annual income with low annual property taxes of just $13,000, offering investors a strong 11% cash-on-cash return based on conservative underwriting. Centrally located near public transportation, the building is just blocks from the Elder Ave 6 train station, major MTA bus lines, and close to the Bruckner and Cross Bronx Expressways, ensuring high accessibility for both tenants and businesses. A high-yield, low-maintenance asset with upside potential in a growing corridor.
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