Coveted NY Asset Class: Own this 100% Free Market Mixed-Use Building Consisting of Four Apartments and Three Stores
$2,495,000
270 East 169th Street, Bronx, NY 10456
6.91
Cap Rate
172,359
NOI
Details:
Description:
COVETED NY ASSET CLASS: OWN THIS 100% FREE MARKET MIXED-USE BUILDING CONSISTING OF FOUR APARTMENTS AND THREE STORES LOCATED ON E169th IN THE BRONX
Presenting the opportunity to acquire this free-market, mixed-use 'cash cow' located on the southeast corner of East 169th Street and Morris Avenue in the Bronx’s Concourse Village.
With an estimated 4,750 gross square feet, the subject property consists of three ground-floor retail spaces and four residential apartments above.
The building features a brick exterior with original features throughout, security cameras, a steel and glass entrance, a steel and marble staircase, and a black rubber roof.
The basement contains water meters, electric meters, gas meters a newer gas boiler for the apartments, and a hot water tank. The retail heating systems are located in-unit.
With the lack of sufficient retail along the nearby Grand Concourse, this small retail hub serves as a major attraction for local shopping and dining.
Residents also enjoy quick access to transportation with local bus service and an MTA train station located at East 167th Street and The Grand Concourse.
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