Overview

Description

Ariel Property Advisors is pleased to present 657 East 187th Street, an 8-unit, mixed-use, walk-up building located on the North side of East 187th Street between Belmont Avenue and Cambreleng Avenue in the Belmont neighborhood of the Bronx.

Spanning approximately 7,936 square feet, the property’s unit mix consists of six, three-bedroom residential apartments and two commercial units. Currently, operating rents are well below market and only two of the residential units are occupied, presenting an immediate value-add/conversion opportunity.

657 East 187th Street is located in the highly desirable Little Italy section of Belmont, just steps from Fordham University and famous eateries along Arthur Avenue. Other major retailers in the area include national brands Best Buy, Dollar Tree, Starbucks, and Chipotle. Easy access to Manhattan is also provided by the Metro North train station located at the intersection of East Fordham Road and Webster Avenue.

Offering a prime location and immediate value add potential, 657 East 187th Street stands out as a tremendous Bronx mixed-use multifamily opportunity. Please contact our sales team for more information about this property or to schedule a walk-through.

Documents

---