Four Story Mixed Use Building For Sale - 1450 East Gun Hill Road

Highlights:

• Close proximity to the 5 train
• Walking distance to the Mall at Bay Plaza
• Lots of Foot Traffic

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 residential apartments, 3 retail storefronts, 1 office, a social club, and 6 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: 6.88x
- 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!

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