1248 Castle Hill Avenue, Bronx, NY 10462

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$2,200,000
Active for Sale
 
Listing ID 11403207
Property Type Multi-Unit (5+)
Commercial Type Office/Residential, Restaurant, MULTIFAMILY, Residential/Multifamily, Commercial, RESIDENTIAL INCOME, Residential Income
County Bronx
Township Castle Hill
Neighborhood East Bronx
Tax ID 03822-0010
FEMA Flood Map fema.gov/portal
Year Built 1925
   
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Mix use building w/huge upside potential is ready to go!

Looking for 7.1 cap rate?? then look no further! This unique 6 unit Mix use building w/huge upside potential is ready to go! 3 Commercial units and 3 residential units. Don't miss out on this golden opportunity to seize a slice of this high traffic property located in the Bronx's thriving community of Castle Hill/ Parkchester area. This property is poised for growth and sustainability. The residential units are 2-two bedrooms, 1-one bedroom. The commercial spaces are fully operational. The main anchor tenant is a Beautiful Roti Guyanese restaurant, then a Beauty Salon with heavy clientele and last but not least a Security office that serves the community for all of latest security surveillance installation. call for set up. Serious inquiries only. NO Leases!
Property Details
  • 3600 SF
  • 3600 SF Lot
  • Built in 1925
  • Available 1/05/2025
  • Partial Basement
  • Lower Level: Finished
Interior Features
  • Hardwood Flooring
  • Fire Sprinklers
  • Steam Radiators
  • Natural Gas Fuel
  • Natural Gas Avail
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Vinyl Siding
  • Asphalt Shingles Roof
  • Street View
  • Near Bus
  • Near Train
Commercial Info
  • 7% Cap. Rate
Income/Expenses
  • Gross Income $151,200
  • Net Income $120,590
  • Operating Exp $30,610
  • Total Exp $30,610
  • Paid by Landlord: Heat, Water, Insurance
Listed By
COHEN & COHEN CONSULTING INC
Office: 917-553-9212
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