1281 Hoe Avenue | Crotona Park East, Bronx, NY 10459 Offering Price: $13,500,000 | Cap Rate: 6.08% | NOI: $820,434.60 New to Market: 1281 Hoe Avenue is a 9-story, Mixed-Use Elevator Building located in the Crotona Park East section of the Bronx. Built in 2022, the property comprises 46 total units (45 residential studios + 1 commercial unit) and totals 28,415 SF of Gross Building Area on a 5,000 SF lot. The residential units are part of the AIRS affordable housing program for seniors (62+), restricted at 80% AMI and benefit from a 35-year 421-a tax abatement. The property boasts a rent roll of $70,229.55/month with stabilized income and occupancy at 93.3% for residential only. The commercial space is rented for $8,240.00/ month. The commercial unit is leased NNN to Lauv & Kare Family Support. Amenities include a common laundry room, elevator, terraces, and modern building systems. This is a turn-key investment with a strong in-place return and significant long-term upside.