128 Alexander Ave - Storefront Retail/Residential FOR SALE


Bronx, NY 10454- Harlem River Waterfront
$1,950,000 USD
917-348-0242
128 Alexander Ave, Bronx, NY for Sale
$1,950,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | 6.91% Cap Rate

128 Alexander Ave
Bronx, NY 10454
Harlem River Waterfront


HIGHLIGHTS

  • Delivered vacant, allowing an investor to immediately execute a lease-up strategy
  • Projected stabilized gross income of approx. $183,000 annually
  • Three residential two-bedroom units and a ground floor commercial unit
  • Tax Class 2A protected
  • Mott Haven Location Positioned in a growing South Bronx submarket - with access to major roadways and continued investment activity

OVERVIEW

The asset is currently delivered fully vacant, presenting a compelling value-add opportunity through lease-up of both the residential and commercial components at market rents. Zoning is M1-2 and R6A, offering long-term flexibility in a neighborhood experiencing continued commercial and residential demand driven by proximity to the Bruckner Expressway, Major Deegan Expressway, and the South Bronx waterfront.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$355 USD /SF

CAP RATE

6.91%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

M1-2R6

APN/PARCEL ID

02296-0102

ASK ABOUT THIS PROPERTY

Mitchel FlahertyRIPCO Real EstateMore Info
917-348-0242

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Mitchel FlahertyRIPCO Real EstateMore Info
917-348-0242

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.